Many homeowners are living in one of their largest tax deductions without even knowing it. This is especially true of people who have added on to their house or done some remodeling project recently. There are actually lots of different ways you can use home improvements for tax deductions. Sure, you can usually subtract the amount of interest you pay on your mortgage or home equity loans, but there are also a multitude of home expenses and upgrades you can use to reduce your taxable income if you meet certain requirements.”
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Many homeowners are living in one of their largest tax deductions without even knowing it. This is especially true of people who have added on to their house or done some remodeling project recently. There are actually lots of different ways you can use home improvements for tax deductions. Sure, you can usually subtract the amount of interest you pay on your mortgage or home equity loans, but there are also a multitude of home expenses and upgrades you can use to reduce your taxable income if you meet certain requirements.”
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