13. Typically, assessments aren't tax-deductible.
If your home with an HOA is your primary residence and you're required to pay
regular HOA fees, you cannot deduct the HOA fees from your taxes. However,
if you purchase or use the property as a rental property, then the IRS may
allow you to deduct HOA fees.
Additionally, you should be able to claim special assessment payments on
your taxes if they were used for maintenance and repairs. Always check with
your tax professional before claiming HOA payments on your taxes.
