ACT BEFORE DECEMBER 31st TO QUALIFY FOR 2009 TAX CREDIT
AFTER 12/31/09 TAX CREDITS WILL APPLY TO TAX 2010 TAX YEAR
INCREASE YOUR REFUND OR REDUCE YOUR LIABILITY – EITHER WAY YOU WIN!
IRS, WASHINGTON — Go Green and Save - People can now weatherize their homes and be rewarded for their efforts. According to the Internal Revenue Service, homeowners making investments in qualified energy-saving improvements like windows, doors, insulation, roofing and more, can significantly cut their 2009 tax bill as well as their winter heating bills. Also, making these improvements between 01/01/10 and 12/31/10 STILL QUALIFIES for a tax credit but it will be for the 2010 tax year.
NO MINIMUM PURCHASE REQUIRED
(e.g. $100 investment gets a $30 tax credit!)
To qualify for the maximum, $1,500.00 tax credit, invest as little as $5,000 on these eligible energy-saving improvements.
The incentive gives 30% of what a homeowner invests in eligible energy-saving improvements, as a tax credit.
There is a maximum tax credit of $1,500 for combined 2009 and 2010 tax years and, generally, labor costs are not included when calculating this credit.
It’s Even Retroactive!
If you are a contractor or a homeowner who has already installed qualified materials into a primary residence since February 18th, 2009, you can still get this significant tax credit.
Ask us how
Join our email list and we’ll keep you up-to-date on current and future tax credit information.
To join, email Robert Farnham at robertf@bethelmills.com or ask an associate.
For a prompt response, put “TAX CREDIT” in the subject line of your email or call 802-234-9951.
How to claim the tax credit. An eligible taxpayer can claim these credits, regardless of whether he or she itemizes deductions on Schedule A. Use Form 5695, Residential Energy Credits, to figure and claim these credits. The form can be found at www.IRS.gov.
Monday, November 2, 2009
ARRA TAX CREDIT INFORMATION
Labels: energy code,energy efficiency
ARRA,
efficiency vermont,
energy efficiency,
tax credit
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