Is Foundation Repair Tax Deductible?

Generally speaking, while home upgrades may be tax-deductible, repairs usually are not, which means you won’t be able to deduct the cost of your foundation repair from your taxes. The reasoning behind this is that home upgrades such as building a deck, installing energy-efficient windows, or adding solar panels to your roof tend to increase the value of a home, whereas making necessary repairs is simply a measure to maintain the home’s current value.

However, in some instances, foundation repair may be tax-deductible. For example, if you run a business out of your home and use a portion of your home as an office exclusively for the business, you may qualify for a home office deduction. In such cases, though, since the office comprises only a portion of your home, say 20 percent, you would only be able to deduct 20 percent of the overall cost of foundation repair. Similarly, if you rent out a portion of your home, you may be allowed to deduct a portion of the foundation repair cost.

Reliable Foundation Repair Services

If your home’s foundation needs to be repaired, the specialty construction experts at Engineered Solutions of Georgia are here to assist. Since 2007, we’ve helped homeowners all across the southeastern U.S. maintain the value of their homes by providing comprehensive foundation repair services, custom-tailored to their individual needs. When you contact us, our skilled team of structural engineers can perform a thorough professional inspection of your foundation and come up with a lasting solution. What’s more, projects overseen by our structural engineers are backed by a triple warranty, covering materials, labor, and design, so you can rest assured that the investment you’ve made in maintaining your home’s value is protected.

For more information on partnering with Engineered Solutions of Georgia for foundation repair services, contact us today. We look forward to answering any questions you may have.