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The state and local tax (SALT) deduction allows taxpayers to deduct up to $10,000 of the money they spent on certain state and local taxes — including property, income and sales tax.
Home improvement tax deductions: You may be able to deduct certain homeownership expenses, including local and state real estate taxes. File Form 1040 on your individual income tax return or, if ...
If you make improvements to your home to accommodate your health, you may be able to deduct those modifications on your taxes, provided you itemize your deductions. Some examples include: Some ...
The maximum deduction you can claim for all state and local taxes, including real estate and personal property tax, income tax and sales tax, is $10,000 — $5,000 if you’re married and filing ...
The state and local tax (SALT) deduction allows you to deduct up to $10,000 paid toward your state and local governments ($5,000 for married couples filing separately). Taxpayers can deduct ...
Historic homes qualify for their own special home improvement tax credit. “If you own a historic property you can get federal and state tax credits for renovations in most states,” notes Sarrel.