Home Updates

[goldstar]

We did some updates to our kitchen throughout 2019 I paid a contractor to replace countertops (over $5k) and paid a separate contractor to replace floor...

[Snowmom]

We recently had hail damage and replaced the roof and gutters.
Insurance covered everything except obviously the $2000 insurance deductible. ...

[TaylorTots]

We are adding an addition to our driveway to increase parking availability for parents. Keep receipts and deduct?

If we do a large chunk...

[AnythingsPossible]

Hope everyone is have a great week! It's almost over!! We had a lot of work done on our house this year. Does it matter if i put the repairs under repair...

[Firefly]

If we put in a fireplace would we be able to write off the cost? Also what about finishing a basement? Would there be any tax benefit to that? Or would...

[Daycarefamily]

Hi. Our existing driveway is too beat up to repair so we are planning to replace it this summer. Will this be considered a home improvement or maintenance?...

[bzzzybee]

In April of 2018 we had to replace our A/C unit which cost over $8,000. How do I write this off as a deduction for my expenses? I know I can’t take...

[Reimel61]

I have replaced 11 of 21 windows and had new siding on the gables of the house in 2017 spending $9,000. Windows were energy efficient. How will this...

[Mom2Two]

So I read your blog, about the new tax laws. It's a lot to take in, and I want to check my understanding on it.

If I understand correctly,...

[Kaylala]

I am wondering if I can write of t/s deduction of bathtub remodel. We found wood rot/mold and had to tear out our entire shower area and put in a new...

[Snowmom]

I paid to get my taxes done this year and my accountant depreciated:
1. Windows we replaced: 39 years.
2. Water Heater we replaced: 7 years....

[Miss A]

I just have a quick question on home repairs and updates. My playroom is in desperate need of new windows, and I had planned to pay for these from my...

[Crazy8]

We signed contract to demo and refinish our basement back in November 2015, deposits were paid and work started. Payments were due with each phase of...

[Conoad]

I claimed my foster child August - December on the food program. We aren't able to claim her as a dependent on our taxes due to her not being here for...

[LittleScholars]

As mentioned in my last post, I opened my daycare in November 2015, so this is the first year I'm filing taxes as a provider. We bought our home 1.5 years...