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Are home improvements tax deductible when selling a home?

Just wondering if I should do some home improvements before I sell. Would they be tax deductible or is there any kind of tax benefit?

Asked By Will | Waterbury, CT | 394 views | Finance Legal Info | 1 year ago

Answer(3)

Semi-Pro

Glenda X Bozett

RELI

(2)

No, home improvements are generally not tax deductible when selling a home.

Semi-Pro

Gloria Mitchell

Wilkinson Triad Realty

(52)

No, home improvements are generally not tax deductible when selling a home. However, some home improvements may qualify for the capital gains exclusion for primary residence sales.

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Rising Star

Blayne Pacelli

Rodeo Realty

(40)

In California we have a 250k cap gains for a single homeowner and 500k for a couple. Lets say you bought the house for 100k, then you sold for 1 million. If you are a couple you get 500k of no taxes plus any improvements that you have done. Please check your local laws though.

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