Tuesday, February 1, 2011

Ask Questions before Claiming a Home Improvement Tax Deduction

A home improvement deduction may fall under any of several different topics, so it is important to explore the situations that are right for you. For example, if a mortgage has been refinanced to pay for a project, the owner of the home may qualify for a legitimate deduction. Likewise, deductions may be claimed if the home is being redesigned to make it handicapped accessible.
A home tax deduction for medical or handicapped purposes may create a substantial tax savings, but only a qualified

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