Repairs and Improvements

Tips for Maximizing Repair Deductions

As far as taxes go, repairs to rental property are always better than improvements. Why?

Repairs vs. Improvements: Complicated IRS Rules

Understand the IRS rules on improvements including unit of property, betterments versus adaptions, and building systems.

IRS De Minimis Rule for Deducting Business Property

Finally, the IRS has established maximum dollars amounts that taxpayers can rely on when expensing certain business property purchases.

Small Taxpayer Safe Harbor For Repairs and Improvements

Small landlords who qualify for this safe harbor can currently deduct expenses that might otherwise be considered improvements.

Materials and Supplies Deduction Under the IRS Repair Regulations

Learn about this valuable new deduction that allows you to currently deduct equipment and other tangible personal property items that cost under $200.