{"id":1469,"date":"2017-08-03T09:53:09","date_gmt":"2017-08-03T14:53:09","guid":{"rendered":"http:\/\/www.nw-cpa.com\/?p=1469"},"modified":"2017-08-03T09:53:09","modified_gmt":"2017-08-03T14:53:09","slug":"repair-or-improvement","status":"publish","type":"post","link":"https:\/\/www.nw-cpa.com\/?p=1469","title":{"rendered":"Repair or Improvement?"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"http:\/\/www.nw-cpa.com\/wp-content\/uploads\/2014\/09\/image.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-951\" src=\"http:\/\/www.nw-cpa.com\/wp-content\/uploads\/2014\/09\/image-300x148.jpg\" alt=\"\" width=\"300\" height=\"148\" srcset=\"https:\/\/www.nw-cpa.com\/wp-content\/uploads\/2014\/09\/image-300x148.jpg 300w, https:\/\/www.nw-cpa.com\/wp-content\/uploads\/2014\/09\/image.jpg 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>What is the difference between a\u00a0home repair and a home improvement? \u00a0As defined by the IRS, an improvement lasts for more than one year and adds value to your home. \u00a0There are exceptions, such as when the upgrade is no longer part of your residence. \u00a0(Ex. You installed wall-to-wall carpet years earlier and then replaced it with wood flooring.). In cases of fire damage and natural disasters, all work applies, from the smallest repair to the largest addition. \u00a0Knowing these details is especially important when you plan to sell your home because it may help reduce the taxes you owe on profit.<\/p>\n<h2 class=\"entry-header font-entryheader\"><a href=\"http:\/\/dontmesswithtaxes.typepad.com\/dont_mess_with_taxes\/2014\/09\/tax-differences-between-home-repairs-and-home-improvements.html\"><span class=\"entry-title\">Tax differences between home repairs &amp; home improvements<\/span><\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>What is the difference between a\u00a0home repair and a home improvement? \u00a0As defined by the IRS, an improvement lasts for more than one year and adds value to your home. \u00a0There are exceptions, such as when the upgrade is no longer part of your residence. \u00a0(Ex. You installed wall-to-wall carpet years earlier and then replaced &hellip; <a href=\"https:\/\/www.nw-cpa.com\/?p=1469\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Repair or Improvement?<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[979,975,679,974,69,976,977,201,978],"class_list":["post-1469","post","type-post","status-publish","format-standard","hentry","category-personal-finances","tag-carpet","tag-home-improvement","tag-home-ownership","tag-home-repair","tag-irs","tag-profit","tag-residence","tag-taxes","tag-upgrade"],"_links":{"self":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/1469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1469"}],"version-history":[{"count":1,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/1469\/revisions"}],"predecessor-version":[{"id":1470,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/1469\/revisions\/1470"}],"wp:attachment":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}