One of the great benefits of home ownership is the ability to take tax deductions unavailable to those who are renting. And that’s not just limited to your interest payment — you can often get great tax benefits from home improvements. But in order to do so, you need to understand the difference between what the IRS counts as home repairs and home improvements. Generally speaking, repairs, maintenance and upkeep, and even renovations don’t help much. But home improvements might. Don’t Mess With Taxes wrote a pretty good article covering the basics. Of course, as always, you’ll want to consult with your tax advisor before making any specific plans.


Get a Personalized Mortgage Rate Quote
Loan Amount:

Property Value:

Zipcode:


Loan Purpose:
Cashout Amount:
Streamline:

Credit Score:


Property Type:
Get Social with Jim Crowder

Crowder Mortgage

Jim Crowder

1434 Spruce Street

STE 100

Boulder, CO 80302


877.762.4375

303.243.3918