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How do i itemize my household expenses? Are my HOA fees taxable?

I spend over 3,000 on HOA fees and other household expenses and i want to make sure i have them in the right spot if i can add to my taxes
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MichaelMc
New Member

How do i itemize my household expenses? Are my HOA fees taxable?

Unfortunately, homeowners’ association (HOA) fees paid on your personal residence are not deductible.

However, if you have an office in your home that you use in connection with a trade or business, then you may be able to deduct a portion of the HOA fees that relate to that office.

If the home is a rental property, then you can deduct the HOA fees as a rental expense.

TurboTax will help you determine the correct deduction.

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1 Reply
MichaelMc
New Member

How do i itemize my household expenses? Are my HOA fees taxable?

Unfortunately, homeowners’ association (HOA) fees paid on your personal residence are not deductible.

However, if you have an office in your home that you use in connection with a trade or business, then you may be able to deduct a portion of the HOA fees that relate to that office.

If the home is a rental property, then you can deduct the HOA fees as a rental expense.

TurboTax will help you determine the correct deduction.

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