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What do you mean by "upgrading my home?" Improvements to your own home are not deductible.
When you make a home improvement, such as installing central air conditioning or replacing the roof, you can't deduct the cost in the year you spend the money. But, they may help you reduce your taxes in the year you sell your house.
Money you spend on your home breaks down into two categories, tax-wise: the cost of improvements versus the cost of repairs.
For more information please check: Home Improvements
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