Tax credits for energy-efficient upgrades to expire

Tax credits for energy-efficient upgrades to expire

A $ 500 tax credit for energy-efficient upgrades expires at the end of the year so now’s a good time to tighten your home’s envelope by replacing drafty windows or entry doors or insulating your attic. Some heating and cooling equipment also qualify for the tax credit, which was extended last year as part of the American Taxpayer Relief Act. Here are the details.

Claims can only be made for your primary residence. And to be eligible, homeowners must not have made … (read more)

Six energy-efficient upgrades that qualify for 2012 tax credits

Six energy-efficient upgrades that qualify for 2012 tax credits

As a result of the last-minute enactment of the Taxpayer Relief Act earlier this year, six common energy-efficient upgrades you may have made to your home in 2012 or plan to make this year are eligible for a federal tax credit. Replacement windows and doors, new roofs and upgrades to heating and ventilation systems all qualify for a credit of up to $ 500. The improvements must be made to your existing home and principal residence, new homes do not … (read more)

Fiscal deal includes tax credits for energy-efficient upgrades

Fiscal deal includes tax credits for energy-efficient upgrades

In addition to holding down taxes for all but the wealthiest Americans, the fiscal package passed this week includes a number of incentives for homeowners to become more energy efficient. Buried in the 150-page document that is the American Taxpayer Relief Act are tax credit extensions for energy-efficient appliances, building materials, and more.

The rules are pretty complicated, as you might expect, but here’s what you need to know: You can save up to $ 500 on taxes if you made … (read more)