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0:51
americantaxservice.org
What Home Improvements are Tax Deductible? 2025 & 2026
Capital home improvements, which add value or extend the life of your home, may be deductible. These include major renovations like adding a new roof or building an extension. Such improvements can also impact your home's cost basis, affecting future tax calculations.
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Tax year 2025 brings major changes, including tax exemptions on tips and overtime through 2028, plus a new $6,000 deduction for seniors. Experts say there’s still time to maximize deductions by boosting retirement and HSA contributions, logging expenses, and using available credits before year’s end as the IRS treats 2025 as a transition year. | Scripps News
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