Is there any tax credits for home improvements such as basement waterproofing?

LGPeach166 · ‎January 30, 2023

xmasbaby0 · ‎January 30, 2023

No. There are energy credits but waterproofing is just a personal expense that is not deductible. Save your records for someday when you sell the house.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Cynthiad66 · ‎February 6, 2023

In addition to the information provided by xmasbaby0, you should keep all of your renovation costs as home improvement to add to the basis of your home. If you decide to sell your property, these improvements will add to the basis and could reduce taxes.

Use this link for additional information: Home Improvements and your Taxes

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Is there any tax credits for home improvements such as basement waterproofing?