Comments on: Tax Credit for Energy Saving Home Improvements

By: bob

bob — Wed, 12 Dec 2007 21:12:08 +0000

I put stone on my house can I put this on my energy duction tax

By: susan

susan — Sun, 25 Mar 2007 14:18:52 +0000

I had my house pointed in 2006. Would that be considered as a deduction?

By: jim

jim — Tue, 26 Dec 2006 15:13:35 +0000

Lisa – Unfortunately, this rebate only applies for energy saving improvements between 12/31/2005 and 1/1/2008, but you can save the receipts as you can use it to increase the cost basis of your home you sell. For example, if you bought your home for $100,000 and then sell it for more than $350,000… you would pay taxes on the difference between your sale price and the the single exclusion ($250,000), you could increase the cost basis of your home to $101,500 and reduce the taxes a little.

By: Lisa

Lisa — Tue, 26 Dec 2006 01:06:10 +0000

Hmmm…. I had energy efficent windows installed in 2005, My Tax prep. did not even ask if I had made any home improvements, would it it be worth amending…. the windows cost about 1500 dollars. Any suggestions?

By: Fat Pitch Financials

Fat Pitch Financials — Wed, 07 Sep 2005 00:30:57 +0000

September 5th Financial Carnivals
This weeks carnival tour starts with the Carnival of Personal Finance hosted by Savvy Saver. My recent post summarizing the history of my Special Situations Real Money Port was featured in this weeks Carnival of Personal Finance.
I have been think…

By: Building Wealth

Building Wealth — Wed, 07 Sep 2005 00:07:41 +0000

Saving your wealth
Blueprint for Financial Prosperity has a great article on the new » Tax Credit for Energy Saving Home Improvements that is very timely as we head into a winter season that could see natural gas and heating oil bills eating up whatever financial gains…

By: Dieter

Dieter — Tue, 23 Aug 2005 15:21:44 +0000

I’m using those low energy light bulbs, they give more light and consume less. However, they don’t look that good, but I don’t care about it.
I replace my AC filter every month, and buy the 10$/piece. I don’t try to save money on health related things and quality food…

-Dieter

By: Matt

Matt — Mon, 22 Aug 2005 16:48:08 +0000

I get rebates off of my monthly electric bill for having air conditioning and water heater “control.” Since I rent, I didn’t even know that I had it until my July/Aug bill came. I guess they only turn it on during the dog days of summer, but hey, that’s $15 I will gladly not pay to them.