Office Renovation Tax Deductions

Qualified improvement property (QIP) for commercial offices can be depreciated over 15 years or deducted more quickly with bonus depreciation. Renovations add value and comfort.

office renovationtenant improvementsQIPcommercial improvements

check_circleWhat You Can Deduct

  • checkInterior wall modifications
  • checkFlooring installation and replacement
  • checkLighting upgrades and fixtures
  • checkHVAC improvements
  • checkPlumbing and electrical upgrades
  • checkADA accessibility modifications

lightbulbTips for Keeping Records

  • tips_and_updatesQualified improvement property is eligible for bonus depreciation
  • tips_and_updatesStructural changes to a building exterior do not qualify as QIP
  • tips_and_updatesLandlord-funded tenant improvements may be amortized over the lease term
  • tips_and_updatesKeep contractor invoices and before/after photos for documentation

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Office Lease Deductions

All costs associated with leasing office space are deductible. From monthly rent to build-out allowances, understand what qualifies and how to document it.