I have heard that I could get a tax break for making large home improvements on my house for the year? I live in Nebraska. Is that true? If so I cannot figure out how to.

amandabrox · ‎June 4, 2019

MichaelL1 · ‎June 4, 2019

Home improvements increase the cost basis of the home, but unless it is Rental property there is no tax break.

If you did get a home loan to do the improvements, the home loan interest is deductible.

The energy credits on the home, except for some solar credits expired the end of 2016, and are no longer available

Post a comment as to what exactly they told you.

MichaelL1 · ‎June 4, 2019

Home improvements increase the cost basis of the home, but unless it is Rental property there is no tax break.

If you did get a home loan to do the improvements, the home loan interest is deductible.

The energy credits on the home, except for some solar credits expired the end of 2016, and are no longer available

Post a comment as to what exactly they told you.

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