For those who are seeking a large refund that completed home improvements, Traverse City Tax Preparation website explains what is tax deductible is and what is not.
Traverse, MI -- (SBWIRE) -- 08/29/2014 -- Many changes in may be taken into consideration when preparing one’s tax return to maximize the refund amount. One such consideration are home improvements completed in 2014 & 2015.
For those who may be unaware which home improvements are deductible and which are not, Traverse City Tax Preparation Examiner Frank Ellis authored a website page that helps to clarify which renovations and repairs are important to include in order to seek tax deductions when filing a tax return.
According to Ellis, tax deductions for home improvements can be so complicated that even professional contractors can be confused as to which renovations are worth including on a tax return. In order to inform Americans so that they can get the most money back on their refunds, the website lays out several types of improvements that may be considered when filing.
Ellis explores the difference between personal home improvement and those which are for one’s business, which could potentially qualify for a home office deduction. Preventative home repairs also have different applicability for tax breaks.
About Turbo Tax Online
In order to fully understand what qualifies for a tax break, author and tax preparation expert Frank Ellis recommends trying Turbo Tax online in order to make sure no potential tax deductions are missed. Turbo Tax online provides an opportunity for tax payers to complete filing by answering simple questions and directly inputting their forms so that nothing is missed on their returns.
With the help of the informative website detailing home improvement repairs and renovations eligible for tax deductions, many Americans are able to ensure they are receiving the highest refund possible on their tax returns. For full confidence in one’s return, Frank Ellis recommends trying Turbo Tax online in addition to reading his article on home improvement tax deductions.
For more information on what home improvements are tax deductible or to learn about filing with Turbo Tax online, visit http://www.examiner.com/article/are-home-improvements-tax-deductible-2012-2013 today.
Easy Income Tax Filing Online
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Traverse City, Michigan 49686