Wednesday, February 14, 2007
Energy Savings = Tax Savings
If you have made recent upgrades to your house then you may qualify for additional tax credits. There are many different home improvements that qualify for the energy credits including insulation, water heaters, air conditioners, fans, furnaces, skylights, windows, doors, solar panels, and certain roofs. The credit is usually around ten percent of the cost, but can vary depending on the type of upgrades. Keep in mind that only home improvements that reduce a home’s "heat loss or gain" are eligible for the credit. Thus, the credit may not apply to common household appliances such as dishwashers or refrigerators even if they bear the Energy Star label. For more details on getting an energy credit, visit DailyNews.com.
Labels:
deductions,
energy,
home improvements,
house,
irs,
money,
savings,
tax,
tax credits,
taxes
Blog Archive
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2007
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February
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- IRS Urges Taxpayers To Check Returns
- US House Passes Minimum Wage Tax Breaks
- Common Tax Questions Answered
- IRS Cracking Down On Abusive Tax Returns
- IRS Reached 2.3 Billion Dollar Agreement
- Deciding Whether or Not To Itemize
- Energy Savings = Tax Savings
- IRS To Prevent Telephone Tax Refund Abuse
- Top 5 Tax Audit Red Flags
- IRS Issues Advice For Non Efilers
- Getting A Tax Refund For Driving
- Looking for that 1099? Some 1099 Forms Will Arriv...
- Many Early Filers Are Missing Out On the Phone Tax...
- Roni Deutch Tax Center Grand Opening Press Release
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February
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