💰 AFH Owners: Don’t Miss Out on Depreciation & Capital Improvement Deductions!
- Christina Nguyen
- Mar 12
- 1 min read
If you own an Adult Family Home (AFH), you may be leaving money on the table by not deducting depreciation and capital improvements on your tax return! 📉🏡
✅ What Can You Deduct?
🔹 Depreciation of Property & Equipment
The IRS allows AFH owners to spread out the cost of their property, appliances, furniture, and medical equipment over time—reducing taxable income each year!
🔹 Capital Improvements (Not Repairs!)
Upgrades that add value to your AFH—like installing a wheelchair ramp, adding safety features, or remodeling—are deductible but must be depreciated over time.
🚨 Pro Tip: Regular repairs & maintenance (painting, plumbing fixes, etc.) can often be deducted immediately, while major improvements are depreciated.
📌 Make sure you're taking full advantage of these tax-saving opportunities! Need help determining what qualifies? Let’s chat! 📩
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