Can I get a Tax Credit for Home Improvement?
At this time of year, many people are wondering whether a new roof or other home project they did in 2016 will possibly help them earn a tax credit in April. The answer is…maybe.
The first step in getting that tax credit is to always keep your receipt for any home improvement, like new roofing, siding, windows and doors, so that you can prove the purchase.
We also always advise our customers to consult their tax professional if they have questions about the tax benefits of their home improvements. However, while there are many ways your project can qualify for a tax benefit depending on your individual situation, the two most common are as a capital improvement or a residential energy efficient property credit.