I read The Book on Rental Property Investing by Brandon Turner which guided me to buy my first duplex (which I still own). Eventually, I stopped using Google and began going straight to the BiggerPockets website and using their search bar.Īt this time I was using the free membership and was overwhelmed by the amount of value I was receiving from listening to the podcast and reading the member blogs and forums. It seemed that no matter what question(s) I was asking BiggerPockets had an article, forum, or podcast that ranked in the top few search engine results…sometimes all of them! The more I searched the more I was directed to their website.

I began investing in real estate in 2015 and as I began looking for answers on Google I noticed a recurring trend. If you aren’t familiar with the BiggerPockets podcast, books, or forum I recommend you check them out here Visit megaphone.BiggerPockets Pro is an upgrade to the already great free content accessible within their website. In no event will BiggerPockets be liable for any loss or damage derived from the information provided. Disclaimer: The information contained in this podcast is for general informational purposes only. Additionally, your income level can also impact home improvement deductions. Therefore, you should speak with a tax advisor about how much you can write off on taxes. First, the rules can change from year to year. Therefore, this article aims to disentangle the complexities when writing off home improvements on your taxes.īefore learning about home improvement tax deductions, there are a few things to watch out for. But capital improvements to your home make you eligible for tax deductions or tax credits.Īs with most tax laws, the rules on writing off home improvements can be complicated. And there are certain limits on how much you can claim on your tax returns. Of course, not all home repairs can lower your tax obligations. For example, home upgrades that add value to your property, improve energy efficiency, or are adaptations for medical purposes are tax deductible.

But did you know that you can write off home improvements on your taxes? The good news is that certain home improvements can reduce your tax liability. Everyone would love to reduce their tax bill and pay less money to the IRS.

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