How Will My Mold Remediation Project Affect My Taxes?

If you have a black mold problem in your home, cleaning it up is a matter of paramount importance. Left unchecked, toxic mold can lead to serious health problems for your family and structural damage to your home. What’s more, it can reduce your home’s value. But how can cleaning it up affect your taxes?

Generally, mold remediation and mold removal are considered home repairs, and not home improvements, since they’re addressing a problem that needs to be fixed. There are no tax credits or deductions allowed for fixing a problem on your home; the only potential way around this problem is refinancing your mortgage to pay for the repairs, which might have a positive effect on the amount of taxes you pay at the end of the year. But of course, refinancing a mortgage carries its own problems with it

The best way to get a tax deduction or credit on a mold remediation project is to include it in a larger home-improvement project that’s deductible, or worthy of a tax credit. For instance, if your goal is to remodel your basement, and you’ve found mold down there, you can include the cost of the mold remediation project as part of the overall remodeling effort.

But even then, you should be careful; not all remodeling projects are tax deductible, and many will actually increase your taxes if they substantially increase the value of your home.

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John and Barbara Vicich

“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

Debbie, Berwyn

“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

Doug Smith, Glenside

“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.”


Angelo and Sandra Patiri

“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