Question by  workman (32)

Are HOA fees tax deductible?


Answer by  jon6 (488)

HOA fees are not tax deductible. There is one exeption. If the house is a rent house that you own, the HOA fees would be recorded as an expense. This expense would reduce income and would have the same effect as being tax deductible.


Answer by  Nadine (206)

Home owners association fees are not tax deductible unless it is a renal property. The reason for this is that the home owners association fee is like a personal expense like if you hired a person to do your yard. If you rent a property that has a HOA fee, you can deduct this as part of you operating expenses.


Answer by  debbie80 (161)

Homeowner Association Dues ("HOA") fees are not tax deductible in any year as they are for the maintenance of your home and the upkeep of your community.


Answer by  Gabriel (2146)

No, home owners association fees are living expenses, and so are not deductible. It's kind of like paying insurance or utility bills, part of the cost of owning a home.


Answer by  Tony45 (48)

Sorry, but I don't believe they are deductable. Though they are associated with your home, they are generally considered to be usual cost of living expenses and are not tax deductable.


Answer by  bitchstewie (489)

HOA fees are not likely to be deductible. The only way they could be deductible is if they are incurred as a local tax.


Answer by  Mary (2095)

HOA fees are not tax deductible generally, as utilities are not deductible. They may be deductible as a home office expense or a business expense if you use the property as a rental business.


Answer by  Anonymous

i agree with Mary, who stated that if the home is used for a home office there may be a deduction there. hoa's include lawn care, as an example, which in some jurisdictions has been upheld in the courts as a reasonable expense.


Answer by  Liz59 (10966)

Yes they are actually deductible. You have to file them in your tax statement accordingly. The amount to deduct can not exceed over 100 dollars in this case it depends on where you live as well. There are different laws governing the different tax feels in the province as well.

You have 50 words left!