Are home improvements tax deductible? Here are the rules.

Home improvements don’t come cheap, so it’s only natural to wonder if you can use those expenses to catch a break on your taxes. Here’s the good news: While day-to-day home maintenance expenses don’t qualify, other home improvement expenses could be tax deductible if they meet certain IRS guidelines for “capital improvements.” You can capture some tax benefits for capital improvements now, while other benefits will have to wait until you sell. Here’s how it all shakes out in an easy-to-understand way. Ca ...