by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 6, 2023 | Improvement Costs, Repair Expenses
Repair expenses are essential upkeep tasks that can be deducted in the same year, while improvement costs must be depreciated over the years. It means that repair expenses provide a game-changing upfront tax advantage. Examples: Repair expense: Fixing a leaky roof...
