FAQ: Is a Bathroom Remodel Tax Deductible?
Can Bathroom Renovations Be Claimed as a Tax Deduction?
Nothing here constitutes tax or legal advice. Tax laws change regularly so you should always check with a tax professional or accountant.
Currently in the United States, bathroom remodeling expenses are not tax-deductible for individual homeowners. Home improvement costs, including bathroom renovations, are considered personal expenses, and the Internal Revenue Service (IRS) does not provide tax deductions for these types of expenditures.
However, there are some exceptions:
Home Office Deduction: If you use a portion of your home exclusively and regularly for business purposes and you renovate the bathroom in that space, you may be eligible for a home office deduction. This deduction allows you to write off a portion of your home-related expenses, including a portion of your bathroom renovation costs.
Medical Expenses: In certain cases, bathroom modifications made for medical reasons may be tax-deductible as medical expenses. This typically applies to individuals with disabilities or medical conditions that require specific accommodations in the bathroom. However, there are specific IRS criteria and limitations for medical expense deductions.
Disabled Veterans: At Bath Source, we are very familiar with grants and other programs that help offset some or all of the expenses for a bathroom remodel for disabled veterans.
It’s important to consult with a tax professional or accountant to determine if any of your bathroom remodeling expenses qualify for deductions based on your unique circumstances. Tax laws can be complex and subject to change, so professional guidance is recommended to ensure compliance with current regulations.
Even though your bathroom remodel may not qualify for tax deductions improving your bathroom has been shown to increase the value of your home – making it easier to sell, as well.
To get an accurate estimate for your specific bathroom remodel, give Bath Source a call at (757) 606-1040. Our factory trained design consultants can help you find the bathroom model that meets your needs and fits your budget. We are locally owned and operated, have been in business since 1993 and, in addition to our 5-star reviews on Google, we have had an A+ Rating with the Better Business Bureau (BBB) Hampton Roads since 1997.