You may be wondering if you can claim roof repairs as a tax deduction because you had to get a new roof this year. Find out if you can in this article.
Can I claim the deductible paid when replacing my asphalt roof?
You can claim the deductible as a casualty loss. Casualty losses are an itemized deduction. You can deduct the amount of the damage not reimbursed by insurance (less $100) that exceeds 10% of your adjusted gross income. You will get a tax benefit if the total of all your itemized deductions exceeds your standard deduction. Source: Turbo Tax
For a more detailed answer…
Tapia’s Roofing & Repairs wants to remind you that you need to have a sturdy roof overhead. If you have determined that you need roof repairs or a new roof for your home, give us call at (832) 447-1601 or request a free roof inspection online