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Level 2
posted Mar 25, 2021 8:57:40 AM

Deductibles

If I installed new windows and a new roof , but I did not claim this my income taxes, can I still omit it?  Or is the Standard Deduction of $24800, better .

0 3 561
3 Replies
Level 15
Mar 25, 2021 9:01:20 AM

Improvements to a personal residence, not used as a rental or in a business, are not deductible on a tax return.  You can add the cost of the improvements to the basis of the home when it is sold.

Level 2
Mar 25, 2021 9:05:19 AM

This is my second home I own. Is claiming windows and roof for it is separate from the standard deduction 

Level 15
Mar 25, 2021 9:13:51 AM


@whitetiger818 wrote:

This is my second home I own. Is claiming windows and roof for it is separate from the standard deduction 


The same for the second home if it is not being used as a rental or in a business.