Times are tough, and they’ve left many of us looking for ways to stretch a dollar. Sometimes savings can be right under our noses, but we need to think a bit outside the box. Tax-deductible expenses are one way people can save. Now before we go getting you too excited, please understand we’re landscaping experts in the Tri-cities area — not tax professionals. But we’ve learned a few tricks of the trade over the past two decades, and now we’re passing them along to you so you can ask your accountant about them.
Working from home
Post-Covid, many people still find themselves working from home. Others have always had a home office. Working from home gives you a deduction on your taxes based on the percentage of your home used for your office. That percentage applies to what you pay for the home, which — yes — can include landscaping if, for instance, you meet clients at your home office. Landscaping is a part of the home that helps it looks its best. And since the home also functions as an office, activities like lawn maintenance, landscaping and driveway upkeep could all be considered business expenses. Damages to a yard used in the process of business — such as doggy or child daycares — can also be a write-off.
Rental properties
Some landscaping expenses can be tax-deductible for landlords or property managers. The IRS may consider landscaping part of your capital investment or it could be looped into other household repairs. Usually these kinds of deductions are for repair or maintenance — not improvements.
Improving Accessibility
If your business welcomes visitors, you can improve your landscaping and make it tax-deductible by improving accessibility for people with disabilities. If your business isn’t accessible to someone in a wheelchair and you add or improve a ramp or widen a walkway, this can possibly be a deducted expense.
Commercial landscaping in the Tri-cities area
If in doubt about whether an expense could be a write-off on your taxes, keep meticulous records of any repairs and/or landscaping improvements made throughout the year. And when it comes time to spruce up your landscaping, give our professionals at Promier Landscapes a call at (423) 872-2988, or fill out the form on the website to contact us online today. We’ve been serving the Tri-cities area the past 20 years and would love to help with all of your landscaping needs.