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  1. ... best thing about these tax breaks is that they...special equipment installed in a home or for home improvements when the main purpose is medical... gross income is deductible .

    5 Answers · Business & Finance · 08/01/2008

  2. Home repairs are not deductible unless they are done as the result of a...exemption of "taxable gain" that is not taxed , so for most people, there's no point in keeping...

    4 Answers · Business & Finance · 07/10/2009

  3. ... credits for certain energy efficiency improvements but home improvements in general have no immediate tax consequences.

    3 Answers · Business & Finance · 27/02/2010

  4. Most are not deductible in the year you purchase (unless it's a business--i.e...an energy credit (small, for weatherproofing type improvements i.e. new windows). Or if something ...

    9 Answers · Business & Finance · 03/10/2006

  5. ...it, then some of the mortgage interest might be deductible on the Schedule A if you... deductions. The improvements to your home increase your basis or cost of the home ...

    5 Answers · Business & Finance · 12/02/2007

  6. .../credits for energy efficiency upgrades are not tax deductible . So you get no benefit when filing taxes . However, home improvements are added into the base cost of your house which reduces...

    5 Answers · Business & Finance · 12/07/2011

  7. On residential rental property you capitalize these improvements and depreciate them over 27.5 years. Rental property (reported on Sch. E) doesn't qualify for Sec. 179 election to expense.

    3 Answers · Business & Finance · 27/11/2008

  8. There are some tax credits on some items. Those that may have something to do with energy savings But as a rule improvements on your home are not deductible .

    5 Answers · Business & Finance · 08/04/2007

  9. Because home improvements are not tax deductible . Tax deductions are not for every legitimate expense, and ...

    3 Answers · Business & Finance · 03/05/2007

  10. ... or home improvements on your tax return in the current tax year. Home improvements add to the value of your home , prolong its useful life, or adapt it to new...

    5 Answers · Business & Finance · 21/04/2007

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