A Tax Break To Plan For Right This Minute!
You’ve heard it before that buying a home gives you a nice tax break, but did you know that making energy smart improvements is yet another tax break for homeowners.
In 2006 the IRS unveiled 2 new residential energy credits that allow you to improve your home and get a tax break. One more reason to buy a home over paying rent!
These tax breaks only apply to your primary residences and has a $500 lifetime limit, but something extra back from Uncle Sam is still a good thing.
Some of these items noted below have different levels of a tax credit, restrictions and the home must be in the USA, so please make sure you check with your tax advisor first.
Metal roofs coated with heat-reduction pigments, exterior doors, exterior windows including skylights, insulation materials designed to reduce heat loss or gain, qualified electric heat pumps, electric heat pump water heaters, geothermal heat pumps, and central air conditioners, natural gas, propane, and oil furnaces and qualified hot-water boilers, advanced main air circulating fans,







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