Get a Tax Break on Your Home Remodeling Project
Completing major home remodeling or home improvement projects does more than make your home look 
better and increase the joy you get out of it. All of your hard work can bring on an added bonus: exemption from capital gains taxes when you sell your home.
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According to IRS Publication #523, typical qualifying projects include:
- Adding bedrooms, bathrooms, decks, garages, porches or patios onto your home
- Interior upgrades such as wall-to-wall carpeting, flooring upgrades
- New heating and/or air conditioning units
- Exterior upgrades such as paving the driveway and fencing
Before you begin any project, make sure you talk to a tax professional or your accountant for more information. And remember to keep all receipts from material and labor purchases.
DirectBuy carries a wide selection of top-quality home remodeling products from flooring to tile to furnishings for every room in your home. You’ll find what you need to create the home environment you want at fantastic savings.
Tags: DirectBuy, Home Improvement, Home Renovation, Remodeling
