As a homeowner, you may be wondering if your roof repair or replacement costs are tax-deductible. While the answer may vary depending on your specific circumstances, there are some instances when you may be eligible for a tax deduction. Learn more from Renovation Team, the leading home improvement contractor in St. Louis, MO.
In general, roof repairs and replacements that are necessary due to damage caused by unexpected events like storms, fire or other natural disasters may be tax-deductible. However, if the damage was caused by wear and tear over time, it may not be eligible for a tax deduction.
Residential roofing services providers suggest that you must meet certain requirements to claim a tax deduction for roof repairs or replacements.
Roof repairs and replacements that are necessary due to damage caused by unexpected events may be tax-deductible. In contrast, those caused by wear and tear over time may not be eligible for a tax deduction. If you qualify for a deduction, keeping detailed records of all repair or replacement costs and consulting with a tax professional to determine your eligibility is essential.
For top-notch roofing services, get in touch with the Renovation Team! Our expert team can help you determine the best course of action for your roofing needs. Ask about our exterior siding installation too! We serve homeowners in St. Charles and St. Louis, MO. Give us a call at (636) 939-1061, or fill out our contact form to request an estimate.