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Are home improvements with the HERO program deductable?

 
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KellyH
New Member

Are home improvements with the HERO program deductable?

One of the most significant benefits of the HERO program is its ability to convert home repairs into a tax deductible expense. In all cases, the  interest portion of the payments are tax deductible

According to page 151 of IRS Publication No. 17, the principal portion of the payment is deductible for repairs, but not for improvements. 

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