Tax Deduction for Home Repairs: Who Qualifies and What You Get
Learn how you can claim a tax deduction on labor costs for home repairs and what you need to provide to your tax office.
If you hire a professional to perform repairs or maintenance on your home, you may be able to reduce your tax burden by claiming a portion of the labor costs.
Who it's for
This scheme is for private customers who hire professionals to carry out work on their homes.
What you get
You can deduct a percentage of the labor costs from your income tax. Please note that this deduction applies specifically to the cost of the work performed, not the materials used.
What it costs you
To claim this benefit, you must ensure your service provider issues an invoice that clearly separates the labor costs from the material costs. You will need to keep these documents for your tax records.
The catch to know
You cannot claim this deduction if you pay for the work in cash. To qualify, the payment must be made via bank transfer.
How to apply
- Hire a professional to perform your home repairs.
- Request an invoice that breaks down labor and material costs separately.
- Pay for the service using a bank transfer.
- Submit your invoices when filing your annual tax return with the tax office.