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Is Roof Replacement Tax Deductible?

Is roof replacement tax deductible? This is a common question homeowners in Vancouver Washington ask when they are planning a major roofing project and looking for ways to offset the cost of a new roof. In most cases, roof replacement is not tax deductible because it is considered a home improvement, not a repair. The IRS views a new roof as something that adds value and extends the life of your home, so it does not qualify for an immediate tax deduction. Instead, the cost is usually added to your home’s cost basis, which may help reduce capital gains taxes if you sell your home in the future. There are some exceptions homeowners should know about. If your home is a rental property, roof replacement costs are typically depreciated over time. If you have a qualified home office, a portion of the roof replacement may be deductible based on business use. Certain energy efficient roofing systems or insulation upgrades may also qualify for federal tax credits if they meet specific requirements. In Vancouver Washington, many homeowners explore energy efficient options due to our wet climate, but eligibility should always be confirmed with a tax professional. Check out the FAQ: https://roofrc.com/faq#is-roof-replacement... Read the full blog: https://www.roofrc.com/post/is-roof-replac... Find us on Google: https://maps.app.goo.gl/tR4fse1EQPrGCRjb6