Planning Home Improvements? Could It Get You a Tax Benefit?

It’s Spring. Yeah, the temps are still in the 50’s, but it’s still Spring, just Spring in New England. More time in the great outdoors, baseball and home improvements. I was reading this article below:

https://www.nar.realtor/magazine/real-estate-news/sales-marketing/7-types-of-tax-deductible-home-improvements

People ask me to their homes with questions about what value certain home improvements might add to their house or what might make life more comfortable or give them more utility in the home. Most are looking for an opinion of value on their property, but not all. Of all those visits, I have never been asked about the tax benefits of home improvements. 

Energy efficiency, health necessity upgrades, home office, historic homes and more, all might have tax benefits for you to take advantage of. Why not grab a benefit you’re entitled to? With regards to your home’s clean energy potential and money saving improvements, Mass Save offers no-cost home audits that can provide money saving tips and suggestions for home improvements that your specific home would most benefit from. I’ve heard many stories of people receiving free gifts too, like Mass Save replacing incandescent light bulbs with energy efficient and longer lasting LED bulbs at no charge. If it’s free, it’s for me. 

I’m not a tax expert, so this article was a real revelation to me. If you’re planning any work around the home, ask your favorite tax pro about what benefit you might reap on your taxes. If you’d like a referral to my favorite tax guy, just say the word. Lincoln Tax Services on Rte 27 in Brockton, just over the Whitman border, has handled it all for us for years now. 

Have Fun!

Thanks,

Lew

Lew McConkey, 

Brook Realty, Serving Whitman Hanson & Surrounding Towns

(781)252-9789

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