If you're a homeowner, you know that there are always repairs that need to be made. Some of these repairs may be tax deductible. Here is a list of some common repair items that may be tax deductible:
1. Roof repair or replacement - If your roof is leaking or needs to be replaced, the cost of the repair or replacement is usually tax deductible.
2. HVAC repair or replacement - Heating and cooling systems often need to be repaired or replaced due to normal wear and tear. The cost of these repairs is usually tax deductible.
3. Plumbing repair - Leaky pipes and clogged drains are common problems that need to be fixed. The cost of these repairs is usually tax deductible.
4. Electrical wiring repair or replacement - Old electrical wiring can pose a fire hazard, so it's important to keep it up-to-date. The cost of these repairs is usually tax deductible as well