When spring arrives many homeowners think about making some repairs and improvements to their houses. Before you start hauling out the tools and buying supplies, you may want to find out if you’re eligible for a home improvement tax deduction. If you have no idea what that is, there are guidelines to use.
The first thing you need to know is the difference between a home repair and a home improvement. An easy way to understand it is that a home repair falls in the category of problem resolution. Fixing a hole in your roof, repairing a leak or painting a room are repairs. However, redoing your kitchen, adding a room or building a garage, or putting in a swimming pool, falls into the category of home improvements, which add value to the home.
