We are planning on renovating the kitchen which would include new cabinets and counters. I have a housing allowance but am wondering if I can make use of household furnishing allowance for renovations.
1Comments
Amend Housing Allowance
VVickey
You can request that your governing board would "amend" and increase your housing allowance, but remember that a housing allowance is NEVER retroactive!
So, don't do any of the reno until the amendment is done =)
Your tax professional should know how to handle an amended housing allowance as there are some extra steps they will have to take.
So, don't do any of the reno until the amendment is done =)
Your tax professional should know how to handle an amended housing allowance as there are some extra steps they will have to take.