Can I deduct the expenses from my home repairs on my taxes?

Can I deduct the expenses from my home repairs on my taxes?
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1 Answer

Answer :

No. Home improvements are added to the tax basis of your property, home repairs are maintain the good condition of your home. They cannot be deducted from your taxes or added to the tax basis of your property. If you also run a business out of your home you can deduct the expenses. Depending on if the repairs were also energy efficient you are able to deduct some of those expenses.
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