Home improvement projects can get pricey pretty fast, but they are one of those things that are necessary, especially if your property has seen better days. Not many homeowners have that kind of money lying around, so taking out a loan seems like the most attractive option. The good news is that you might qualify for a tax deduction on the interest paid toward your home improvement loan, depending on the situation. Innovative Roofing & Siding Inc., a leading roofing company, explains how these home improvement loans can affect your next tax day.