Home improvements to your rental property can often count as a tax write-off. Similar to the rules for deductible home improvements to a business property, improvements made to your rental property would need to be necessary and ordinary to keep the property in good shape and liveable for tenants.
People who use a portion of their property or home as a rental can still deduct some of the expense. In this case, the homeowner can calculate the percentage of the home that is rented out and then use that percentage for the amount of home improvement expenses that would be deductible. As with business properties, improvements to rental properties are also typically deductible on the taxes filed for the year the project is completed.
