Home Improvements and Tax Deductions: Everything You Need to Know

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The remodeling boom soared in 2021 due to a number of reasons, including the ongoing pandemic and an increasing number of people working from home. Spending and remodeling are expected to remain strong in 2022, with signs that things could slow down by the end of the year, according to Harvard’s Leading Indicator of Remodeling Activity (LIRA)

But, not all home improvements are treated equally by the IRS.  

Our TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes off. You can talk live to tax experts online for unlimited answers and advice OR, have a dedicated tax expert do your taxes for you, so you can be confident in your tax return. Enjoy up to an additional $20 off when you get started with TurboTax Live.



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Angela M. Arriola

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