why can I not claim $15,000 home improvement on my Taxes this is money spent from money that was claimed made?

Question

If this is money that I had to claim as made and I made a home improvement I don't understand why it is not a tax deduction!

Answer 1

Because home improvements are not tax deductible.

Tax deductions are not for every legitimate expense, and expenses are only deemed tax-deductible if the government chooses to allow them as exceptions. These exeptions are usually granted as incentives for people to spend money in these areas, or as a break to a particular sector of taxpayers. Example: you can deduct job-seeking expenses because the government wants to encourage the unemployed to get jobs. You can deduct student loan interest because the government wants to give a break to anyone who has had to finance their own education.

Answer 2

Well, the food you eat and the shirt you're wearing aren't tax deductions either, and you paid for them with after-tax money.

There are laws on what is deductible and what isn't. Tax deductions are allowed for expenses the government has decided that the rest of the taxpayers should help fund for you, which is essentially what a tax deduction is. Home improvements are NOT deductible when you make them. Save the receipts though - it can save you some taxes when you sell the house if you owe any.

Answer 3

People can spend money on anything they want - it doesn't mean is tax deductible. However, if you used a home equity line of credit, the interest paid is detectable.
-MM