Energy Efficient Window Shades Tax Credit

Note the products must be purchased between january 1 2016 and december 31 2016 and must be installed by december 31 2016.

Energy efficient window shades tax credit.

Consult your tax advisor to ensure you qualify for the federal tax credit for energy efficiency. 500 total maximum tax credit for all qualifying improvements including windows or skylights. When it is tax time. Part of this credit is worth 10 percent of the cost of certain qualified energy saving items added to a taxpayer s main home last year.

Irs notice 2009 41 suggests the taxpayer is not required to attach this certification statement to their tax return. Cut your energy bills and your taxes by purchasing the comfortrack plus shades. The tax credit is an extension of the 26 u s c. Here are some key facts to know about home energy tax credits.

25c tax credit which means all previous federal tax credits are a lifetime maximum credit. Enter this tax credit off of form 5695 on your 1040 form. Solar wind geothermal and fuel cell technology are all eligible. Homeowners can claim a federal tax credit for making certain improvements to their homes or installing appliances that are designed to boost energy efficiency.

You can claim a tax credit for 10 of the cost of qualified energy efficiency improvements and 100 of residential energy property costs. Please speak with your tax advisor to see if this tax credit applies to you. This credit is worth a maximum of 500 for all years combined from 2006 to its expiration. Comfortrack insulating shadessave money on energy bills and qualifying homeowners for a 10 tax credit up to a 500.

Qualified improvements include adding insulation energy efficient exterior windows and doors and certain roofs. Federal tax credits via the protecting americans from tax hikes path act of 2015 which gave federal tax credits on select energy efficient products have been reinstated for 2016. Fill out irs tax form 5695 and submit it with your taxes. This is known as the residential renewable energy tax credit.

However the taxpayer should retain this certification as part of their tax records. If a combination of windows skylights and doors are purchased then the total maximum credit is 500 of which 200 is the maximum allowable for windows and skylights 5.