Archive for the ‘United States’ Category

Can I legally claim work I do on home improvement on my taxes?

Thursday, November 27th, 2008
country girl1 asked:


We made many home improvements ourselves. Can I claim an hourly rate on the work i did myself?

Do trivial improvements to a home increase its cost basis?

Wednesday, August 20th, 2008
Houyhnhnm asked:


Unfortunately this is an academic exercise because I’ll never make $250,000 profit on a home, but I’d like to know if a minor improvement, like adding a $30 fan in the bathroom ceiling, raises the cost basis of a primary residence.

Thank you,
Houyhnhnm

Can I claim home improvement expenses with my taxes?

Tuesday, August 12th, 2008
Treasure asked:


My tax preparator said home improvement expenses cannot be claimed but I think she is wrong. I hear many people do it for this purpose.

does anyone know if the energy star tax credits will be available for 2008 home improvements?

Monday, August 11th, 2008
ben wa asked:


doors, windows ect…….