Oct 27 • TCC Huddle
Repairs vs. Improvements
Differentiate Repairs vs. Improvements
- Repairs (e.g., fixing a leaky faucet) are immediately deductible.
- Improvements (e.g., renovating a kitchen) must be capitalized and depreciated over time.
Tip: Knowing this difference helps you maximize current-year deductions.
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Repairs vs. Improvements
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