Tax Warrior Chronicles

Rehab Your Tax Return: 10-20% Tax Credit for “Old” Building Renovations

Posted on Tue, Apr 04, 2017

By: Sean P. Kelly and Chris Catarino, CPA

 

If you are renovating an older property or looking for a tax-efficient real estate development project, the Rehabilitation Tax Credit may be a lucrative opportunity. Qualifying rehabilitation projects receive a credit for 20% of rehabilitation costs for certified historical structures or 10% of rehabilitation costs for buildings placed in service before 1936.This dollar-for-dollar tax credit can reduce out-of-pocket renovation costs and significantly improve return on investment. Questions abound, and The Tax Warriors® have the answers.

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