How Will Home Improvement Affect my Taxes?

Nobody likes doing taxes, right? It’s all so tedious and terrifying at the same time: Finding the right forms, rifling through receipts, wondering about deductions and worrying about being audited are enough to make April the most frustrating month of the year. If you’re a homeowner, it’s almost enough to make you want to sell the house and rent an apartment somewhere… if that didn’t mean more taxes.

But if you’ve made any repairs or improvements to your home, your taxes might become more complicated. Generally, home repairs by themselves are not eligible for any sorts of tax deductions, but certain types of home improvement projects can be deducted, such as home offices and accessibility for handicapped persons. The details are a little dicey, so it’s best to contact a tax professional before making a final decision; a basement waterproofing website isn’t the best source of tax information, and it’s always a good idea to get advice from financial experts on these matters. If you have a regular accountant, it might also be a good idea to consult with him or her before embarking on any home improvement project. A basement waterproofing effort by itself might not be eligible for any sorts of deductions or tax credits, but if it’s creatively financed, or if you’re able to lump it in with projects that are eligible, it’s possible to catch a break on April 15.

Basement waterproofing is just one of the services we provide that may have an impact on your tax return. Check out the details of how each of our services affects your bottom line:

Right Way Waterproofing is a full-service basement waterproofing contractor operating in southeastern Pennsylvania and southern New Jersey. We provide an extensive menu of basement waterproofing services; there’s very little we haven’t seen in the way of basement leaks, so we’ve got a solution for nearly every problem. Contact us for a free and fair estimate.

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Hear What Our Customers Are Saying!

“We wanted to thank you for your personal and specialized attention to the water problem we had in our basement. You took the time to inspect the whole situation and gave us recommendations, all of which worked. You had a way of explaining the process and materials that would be used in a way that we understood. We are very pleased with the work that was done and would highly recommend your company to anyone.”

-John and Barbara Vicich

“The day after Hurricane Irene, all of my neighbors basements were filled with water, while mine remained dry! It is wonderful, everything remains dry and the battery backup worked beautifully when my power was out for 2 days. Dry AND quiet, thank you, thank you! Thanks! Debbie, Berwyn”

-Debbie, Berwyn

“All I have to say is that Hurricane Irene was no match for the job that Rightway did for my basement and my father-in-law’s. I had my basement done 5 years ago and we are still bone dry and my father-inlaw’s was done last year and another dry basement… Great job! I highly recommend them for waterproofing and mold remediation.”

-Doug Smith, Glenside

“I’d highly recommend these guys for your basement. My basement has been dry since they installed a sump pump and French drain in June. They offer a competitive price, they get the job done quickly and they stand by their work. Please mention my name if you proceed down the road with these guys.”

-Luke

“We had our basement waterproofed with Rightway Waterproofing in 2007, after all this time and just getting through Hurricane Irene, we did not get a drop of water in our basement. Rightway Waterproofing did a very good job and we are very satisfied!”

-Angelo and Sandra Patiri