When it comes to maintaining your property, certain expenses can be tax-deductible. However, it is important to understand which maintenance jobs qualify for these deductions. In this blog post, we will explore the types of ordinary maintenance expenses that can be deducted on your taxes.

What is considered ordinary maintenance?

Ordinary maintenance refers to the routine repairs and upkeep required to keep your property in good condition. These are typically recurring tasks that become necessary due to general wear and tear. Examples of ordinary maintenance jobs may include:

  • Painting walls and ceilings
  • Replacing broken windows
  • Fixing plumbing issues
  • Repairing roof leaks
  • Replacing worn-out carpets

Are all maintenance expenses tax-deductible?

No, not all maintenance expenses are tax-deductible. The IRS has specific rules in place to determine which expenses can be deducted. Generally, only expenses that are directly related to rental properties or used for business purposes can be deducted. Personal expenses are not eligible for tax deductions.

Which maintenance expenses qualify for tax deductions?

Here are some maintenance expenses that may qualify for tax deductions:

  • Repairs: Expenses incurred to fix broken or damaged property items can be deducted. This includes fixing appliances, repairing HVAC systems, or replacing damaged fixtures.
  • Painting and decorating: The cost of painting walls, ceilings, or other surfaces in your rental property can be considered a deductible expense.
  • Plumbing and electrical work: Any expenses related to plumbing repairs, electrical rewiring, or fixing faulty systems can be eligible for tax deductions.
  • Landscaping and gardening: If you hire professionals to maintain your property’s outdoor spaces, such as mowing the lawn or pruning trees, the associated costs can be tax-deductible.

What documentation should I keep?

It is important to keep thorough documentation of your maintenance expenses to support your tax deductions. Here are some pieces of documentation you should retain:

  • Receipts and invoices from contractors or service providers
  • Proof of payment such as bank statements or canceled checks
  • Photographs of before and after the maintenance work
  • Any written agreements or contracts between you and the service provider

When it comes to tax deductions for ordinary maintenance expenses, it’s crucial to understand what qualifies and what doesn’t. By keeping appropriate records and understanding the guidelines set by the IRS, you can maximize your deductions and potentially save money. Remember to consult with a tax professional or accountant for personalized advice based on your specific situation.

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