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Tax Credit for Energy Saving Home Improvements Expiring

Posted By Jim On 11/16/2007 @ 4:29 pm In Taxes | 4 Comments

When I replaced my windows [3] a while back, the Federal Government footed a portion of the bill. That’s right, that means everyone of you who pays your taxes in part helped fund my home renovation! (Thank you!) Well it turns out that the tax credit for energy saving home improvements [4] is set to expire in December so if you haven’t taken advantage of it, you should! How much you are given as a tax credit depends on what you do but the maximum is $500 (with $200 maximum for windows).

What I did was get all my windows and sliding doors replaced with energy saving compliant windows and then took the $200 maximum credit for my nine windows and the remaining $300 for my three sliding doors. A $500 discount isn’t bad right? So, you have another month and a half to do something about your house if you want to take advantage of it.

If you want to read the rules and regulations straight from the horses mouth, the IRS has this writeup [5].

Oh, and thanks for the windows and doors, we love them!


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[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/tax-credit-for-energy-saving-home-improvements-expiring.html

[3] replaced my windows: http://www.bargaineering.com/articles/castle-window-installation-review.html

[4] tax credit for energy saving home improvements: http://www.bargaineering.com/articles/tax-credit-for-energy-saving-home-improvements.html

[5] IRS has this writeup: http://www.irs.gov/newsroom/article/0,,id=154657,00.html

Thank you for reading!