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Is it possible to lower my taxes with HOA fees?

Are Hoa Fees Deductible? In most cases, homeowners do not get a tax deduction for HOA fees on their primary residence. Still, you can usually deduct a share of fees for use of a rental or your home business if you use a portion of your home for one of these purposes. Since these deductions relate to earning money, the IRS allows them. Make sure your HOA fee records are correct and get an expert’s help to follow the rules and guidelines set by the IRS.

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