Can Roof Repairs be Claimed on Taxes?

Find out if you can deduct costs associated with roof repairs from your annual taxes. Learn more about how to claim these deductions and what materials are eligible.

Can Roof Repairs be Claimed on Taxes?

Unfortunately, you can't deduct the cost of a new roof from your annual taxes. Installing a new roof is considered a home improvement, which is not a tax-deductible expense. A new roof built from high quality materials will add value to your home for many years to come, but the cost of the upgrade cannot be deducted all at once. Instead, you'll need a depreciation program, which refers to dividing the cost over the life of the upgrade.

You can then benefit from tax deduction benefits on current year's expenses. In the eyes of the IRS, home repair is any expense incurred to repair broken or deteriorated parts of your home. These expenses are not tax-deductible in any way. Repairing a leaking roof clearly falls within the tax collector's definition of a home repair, and it won't give you a break on your next tax bill. If you own a rental property, you can cancel roof repairs as a deduction. Replacing the roof counts as an improvement, not a repair, because it adds substantial value to the property.

Instead of claiming a deduction, you recover the cost by depreciating the value each year, according to the same amortization method you use for the home. It will take 27.5 or 40 years to cancel the full cost of the roof, depending on the method approved by the IRS you use. When it comes to your personal residence or a vacation home that you use for personal purposes, the expenses you pay for routine home repairs and maintenance are considered non-deductible personal expenses. For accurate and up-to-date information on your roof replacement tax deductions, you should seek the expert consultation of a certified accountant. You should also ensure that the roofing material used in your roof is certified metal or asphalt with pigmented coatings or cooling granules. If you install a new roof over your home, the cost of roofing the section that covers your work area or home office can be deducted from your annual taxes. Working with an experienced roofing contractor like AGR can help clear any confusion by giving you access to experts who can help you work out all of the details.