If you’re like most people, you’re looking for as many reasonable deductions as possible when tax season rolls around. If you’re a homeowner and you’ve had renovations completed within your home in the last year, that opens up some possibilities. But with that, you might be wondering: Is a bath remodel tax deductible? The short answer is no, as most remodeling projects completed at your personal residence can’t be written off. However, there are certain cases that can qualify your bath remodel as tax deductible. Consider the following questions:
Is Your Bath Remodel Being Completed for Medical Purposes?
The main reason you might find your bath remodel is tax deductible is if it’s being completed for medical reasons. In other words, if you’re making upgrades or changes to your bathroom so that it’s safer and more accessible for elderly family members or those with mobility limitations, you may be able to write parts of your project off as medical expenses. For example, if you’re having entry or exit ramps installed, lowering cabinets, widening doors, adding handrails, or modifying your bathing area, you might be eligible for tax deductions.
Does Your Bath Remodel Include Any Energy-Efficient Features?
One of the other common tax breaks you may get from a bath remodel has to do with home energy efficiency. If you have energy-efficient windows, skylights, or water heaters installed as part of your bath remodel, your project may not be tax deductible, but it can qualify you for tax credits.
Invest in a Bath Remodel Today
If you’re in the market for a bath/shower replacement or you want to invest in a walk-in shower or tub-to-shower conversion, contact the experts at Tundraland today. We’d be happy to help you achieve your bathroom remodeling goals. Don’t forget to ask about the convenient financing options we offer to qualified homeowners!