Is Home Staging Tax-Deductible?

Is Home Staging Tax-Deductible? 

Real Estate sales prove that a home in the most attractive setting brings quicker and higher buyer offers. If decorating and staging are overwhelming for you and the need to get help means bringing a better return it might make sense to consider hiring a staging professional before listing your home on the real estate market. It's also a bonus to note that this cost can be tax deductible. 

According to ThreeBearsHomeStaging "the cost of home staging may be tax-deductible!"

Barb Schwarz, ASPM®, IASHP® and The Creator of Home Staging®, provides the following information:

 CPA/CFE Rob Unger of the accounting firm Judelson, Giordano & Siegel, P.C. connects the dots on how this is possible, “Home sellers can benefit from home staging, as the fees for staging services can be considered as advertising costs, according to IRS guidelines. Since a home stager prepares your house for potential homebuyers, the IRS considers the service as an advertising expense, as long as the home stager has been hired for the sole purpose of selling your home. The costs of staging are subtracted from the proceeds of the sale of the home and decrease the total realized profit. In summary, the IRS’s position is that Staging costs are a legitimate selling expense for both primary and secondary homes and are therefore tax deductible. 

However, it is important to note that if a house is staged and then taken off the market, the staging expenses are not tax deductible.”

Remember to check with your CPA as it relates to this topic and all matters related to your taxation requirements and obligations. 

Be informed to place your home sale in the best possible position. 

Are you thinking of selling this year? 

LET'S GET YOU WHERE YOU WANT TO GO! 

Contact me for your homes Market Value!

Your priorities are my focus and a targeted approach is tailored to your goals. 

Getting You Where You Want To Go

#GYWYWTG

Whitney Snow

832-797-6997

REALTOR

Texas United Realty

Where are other places to find me?

Facebook: whitneysnowhomesales
Instagram: whitneysnowhomesales
Twitter: https:@WhitSnowhomes
Linkedin: whitneysnowhomesales