Can you deduct HOA Fees from your taxes?

[accountinglads]

Are Hoa Fees Tax Deductible? Most of the time, you cannot deduct HOA fees from your income taxes if your property is your main residence. In particular, you can still deduct these costs if you rent the place out, work from home in part of it or own it to invest. If these are your expenses, you might be allowed to subtract HOA fees from what you pay in taxes. For the best results, it is wise to approach a tax advisor or accountant when confirming your eligibility and claiming deductions.

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