U.S. Tax Deductions for Home Renovation
U.S. Tax Deduction Entitlements
It is circa 2011, and in the USA, if you’re planning on renovating your home you may be entitled to a few unique federal income tax deductions. Try googling turbotax.intuit.com to get more information. Well, you used to be able to learn about federal tax deductions for home renovation with help from TurboTax in this video on tax tips but unfortunately, the video is no longer available. Try googling the video.
In any case, it seems, in the U.S.A., renovation of a home would not be an expense that can be deducted from federal taxes, but there would be several ways that one can use home renovations and improvements to minimize your taxes. These include both tax deductions and tax credits for renovations and improvements made to one’s home either at the time of purchase or after. However, being sceptical if I were you, I would check with my Tax Accountant for advice. [image via google]
Como Building P/L, Michael Como provides in SYDNEY, an NSW Building Regulations Consultancy service that comprises, Interpretation of NSW legislation relevant to the construction of Class 1 and 10; Issuing: Complying Development Certificates (CDC), Construction Certificates (CC) [after a local council has approved a development], Occupation certificates (OC), Compliance Certificates, NCC Building Code Australia Reports. Engagement for the certification work is on a contract basis.
Also, a pre-purchase property inspection or building inspection by Michael Como may empower you with knowledge about the condition of a property currently or before you buy it and help you avoid future problems and unexpected costs. However, this service can only be conducted if the insurer is on-side, and currently, they are not and as a result, we do not conduct it.
Michael Como is Your Custom Home Builder in Sydney with over 46 years of construction experience, a Master Craftsman sharing innovative Restoration/renovation Ideas. Licensed since 1988. At this stage, I will only carry out building work at a contracted agreed hourly rate.
Let your imagination soar as you enjoy Building Green Homes or Straw houses or Hemp Homes or Heritage Style Restoration or Bathroom renovations or UHR or Digital twin or Sealing…. Etc.
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