4 Tax Deductions Every Home Seller Needs to Know About
LOUISIANA REALTORS • May 3, 2018
April is known for a lot of different things; spring time, showers, baseball, and taxes. While the latter is the least pleasant of those three, if you sold your house last year, or are planning to sell
it this year, you could have a few extra deductions to make, which could make tax season a little brighter. Here are four tax deductions that every home seller should be aware of.
Property Taxes
Any property taxes that you paid on the home you sold or will sell, are deductible up to the time that you sold it. This deduction is capped at $10,000.
Selling Costs
Any cost associated with the sale of your home is tax deductible. Everything from legal fees, escrow fees, commissions, advertising and more can be deducted.
Home Improvement and Repairs
Making improvements and repairs
to your home before it goes on the market, or as a contingency for sale, can all be deducted from your taxes. Whether it was a room remodel, painting the house, landscaping, a new roof, or something else; as long as these improvements were made within 90 days of closing, their associated costs can be deducted.
Moving Expenses
After selling your home, it stands to reason that you likely incurred some moving costs. If you sold your home and moved as a part of your job, the cost of hiring a moving company, renting a truck, and other associated costs can be deducted from your taxes.
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These are only a few of the deductions that can help to take the sting out of next tax season. Always consult a tax professional when filing to make sure that these, or any other deductions are appropriate for your situation.
2025 Extraordinary Legislative Session Wrap-up
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Louisiana REALTORS® wraps up 2025 and looks forward to 2026! Louisiana REALTORS® gathered in Baton Rouge from October 7–8 for the 2025 Fall Governance Meetings, a dynamic two-day event filled with professional development, strategic planning and member engagement. The day before the conference offered the conclusion to the 2025 LR Leadership Program with participants graduated from the yearlong program after a half-day session. The 2025 graduates include: Torri Byrd, Shawn Carter, Bradley Cook, Stefany Deroche, Mignon Richard Díaz, Alfra Dixon, Thaddeus Dixon, Glen Elliott, Yvonne Graham, Charlotte Johnson, Michelle LaBanca, Slagle McGuffee, Ellen Monroe, Matt Noel, Ros Pack, Tiffany Pellerin, Latonia Riggs, Shannon Rodi Nash, Trish Skellham, Rebecca Slone and Charlotte St. Romain. Additionally, a sold-out, full-day AI-Powered Real Estate Professional Certification course led by industry expert Matthew Rathbun blew away attendees and had them leaving the session with such invigoration. The first official day of the conference held focus on professional development and networking. Tuesday opened with an informative session entitled Professional Liability 101 from Rice Insurance Services Center, offering critical insights into E&O and risk management. RPR's session brought a wealth information to attendees and offered a hands-on learning experience for the tools offered online. Targeted sessions like the Local AE Meeting and the YPN Advisory Council Open Meeting provided space for peer exchange and innovation. The day concluded with a festive Opening Reception sponsored by Louisiana YPN, bringing members together to celebrate and connect. The next day offered collaboration and celebration with Closing the Affordability Gap, presented by the Louisiana Housing Corporation, equipping REALTORS® with tools to better serve clients in today’s market. Regional caucuses followed, allowing members from across Louisiana to discuss local issues and share best practices. The Board of Directors Meeting brought the governance portion of the event to a close with strategic decisions for the year ahead. At the Board Meeting, Chris Brock, Northeast REALTORS® of Louisiana; Trish Leleux, Greater Central LA REALTORS® Association; Synde Devillier, Bayou Board of REALTORS®; Scott McCubbin, Bayou Board of REALTORS®; Amber Morrow, Greater Fort Polk Area REALTORS®; and David Moses, Greater Central LA REALTORS® Association; were elected as 2026 At-Large Directors. The grand finale? A spirited LSU Pregame Fan Experience and the highly anticipated Installation Ceremony, where new leadership was formally welcomed in a celebration of community and commitment. Louisiana REALTORS® looks forward to hosting REALTORS® from around the state at the Winter Leadership Conference, March 3-4, 2026, at the Live! Casino & Hotel in Bossier City. We would like to thank our sponsors Greater Baton Rouge Association of REALTORS® (GBRAR) , Zillow , Dax Roy Appraisals, Supra, American Home Shield, Guard Home Warranty fo r their generous support in helping make this conference happen!
