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Posted By

NEW First time home buyer and tax deductions

AmyKay

"I'm Addicted"

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1150 TOTAL POSTS

WEDDING DATE
3/23/2003 12:00 AM

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Watermill A+

This year will be the first time that myself and my husband will be able to deduct things at tax time.

What type of things can be deducted?
Interest on the mortgage


What about home improvements? Paint and stuff like that or major stuff like a new kitchen?
 
 
Posted By

NEW Re: First time home buyer and tax deductions

million04@aol.com

million04@aol.com

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John Anthonys

thats a great question,
I didnt even know that could be done !
 
 
Posted By

NEW Re: First time home buyer and tax deductions

AmyKay

"I'm Addicted"

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1150 TOTAL POSTS

WEDDING DATE
3/23/2003 12:00 AM

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Watermill A+

I'm not sure if home improvements can be deducted.
I hope so
 
 
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NEW Re: First time home buyer and tax deductions

MrsTC

MrsTC

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9/27/2003 1:00 PM

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The Coral House

if home improvements can be deducted - i will have to drive to the landfill to dig up my receipts! lol
 
 
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NEW Re: First time home buyer and tax deductions

DjPiLL

DjPiLL

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You might want to have an accountant do your taxes the first year of owning the house just so you don't screw it up. I have done all my taxes every year... even with the co-op. But when I get a house... i am probably gonna have the accountant do it one year to see how he works it.
 
 
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Valentinegirl

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11/14/2010 12:00 AM

I thought home repairs can be deducted but all my home improvements have been cash only so they don't charge tax. (Tree removal, and roof). Oh well.
 
 
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janwinterbridejoy

janwinterbridejoy

islanders season

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1/9/2004 2:30 PM

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chateau briandA+

some types of home improvement can be deducted i see people do it all the time.
 
 
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kimmie

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9/25/2004 3:00 PM

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So much can be deducted definately have an accountant do your taxes its so worth it. Congrats on the house where is it in E NPT? Looks familiar...
 
 
Posted By

NEW Re: First time home buyer and tax deductions

AmyKay

"I'm Addicted"

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1150 TOTAL POSTS

WEDDING DATE
3/23/2003 12:00 AM

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Watermill A+

I'm just going to make a folder and keep every receipt we get.
An accountant will be doing are taxes, that's for sure!
 
 
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dgtlsunshine

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Back to the Workforce :)

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My mom has always deducted home improvements
 
 
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