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Is Roof Replacement A Capital Improvement?

Katelyn Lewis • April 10, 2024

Can you claim your new roof in your 2023 taxes?

Roof replacement is typically considered a capital improvement, especially in the context of property ownership and management.


Capital improvements are generally defined as significant enhancements made to a property that extend its useful life, increase its value, or adapt it to a new use. As such, roof replacement fits this definition because it involves a substantial investment in the property that improves its structural integrity, aesthetics, and functionality.


It's essential to consult with a tax professional or accountant to determine whether specific home improvement projects qualify as capital expenses for tax purposes, as the criteria can vary based on location and individual circumstances.


If you’re local to Richmond, Retex is here to help. We provide complimentary roof inspections for storm damage, repairs, and replacements. Call us at 804-258-6300 to schedule your appointment today.

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