List Of Federal Tax Deductions For Home Improvements Ideas. Eligible applicants must have been 65 years or older by the end of the tax year of the. There are two instances in which you may qualify for a tax break for making specific.

With the standard deduction, you can reduce your taxable income by a standard amount. The deduction rate is 25% of qualifying expenses for a maximum of $10,000 in spending. Eligible applicants must have been 65 years or older by the end of the tax year of the.