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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| 02-08-2023| 1,267 views|Finance & Legal Info|Updated 3 years ago

Answers (3)

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Glenda X BozettSemi-Pro47 Answers
Glenda X Bozett

Michael Alexander Properties · Port Jefferson, NY

(4 reviews)
No, home improvements are generally not tax deductible when selling a home.
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02-14-2023 (3 years ago)··
Gloria MitchellSemi-Pro42 Answers
Gloria Mitchell

Wilkinson Triad Realty · Whitsett, NC

(52 reviews)
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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02-09-2023 (3 years ago)··
Blayne PacelliRising Star9 Answers
Blayne Pacelli

Rodeo Realty · Studio City, CA

(45 reviews)
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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02-10-2023 (3 years ago)··
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