Capital improvements increase your home’s value. These improvements can be tax deductible when it comes time to sell your home. That’s why it’s critical to itemize and keep track of where money was spent. Here are the top 5 home improvement projects for resale value that can be deductible:
1. A new addition onto your home
2. Finishing a basement or attic
3. Creating a new bathroom
4. Installing a new furnace
5. Home Office
Hope this info has been helpful! Let me know if you need anything.