December 17, 2024
A capital improvement is a permanent upgrade or addition that increases the value of your home. Some examples include:
Keep in mind that routine repairs, like painting a room or fixing a leaky faucet, do not count as capital improvements and cannot be used for tax deductions.
When it comes to the upfront costs of buying a home, most people immediately think about the down payment. However, closing costs, which are fees associated with securing a mortgage and working with third parties,...
Refinancing your mortgage can be an excellent way to reduce your monthly payments or access cash for home improvements, but did you know it can also help you reduce your tax burden? Thanks to the...
