crumbling foundation

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IRS extends tax break for crumbling foundation repair costs

WASHINGTON – In a new decision, the Internal Revenue Service will allow Connecticut homeowners with crumbling foundations to take a federal tax deduction for the cost of any repair made before 2021. The campaign for the tax break was spearheaded by Reps. John Larson, D-1st District, and Joe Courtney, D-2nd District, last year. Continue Reading →

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Larson, Courtney win tax break for homeowners with crumbling foundations

WASHINGTON – U.S. Reps. John Larson and Joe Courtney had good news Wednesday for Connecticut homeowners with crumbling foundations – the Internal Revenue Service will allow them to take a deduction for a casualty loss for money spent to fix crumbling foundations. But that tax relief may be short lived if Republicans in Congress succeed in overhauling the tax code. Continue Reading →

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