06 February 2013
Energy Efficiency Tax Credits for 2012

We are pleased to announce that energy efficiency tax credits on windows, entrance doors, and patio doors are available again.  As of January 2013, the American Taxpayer Relief Act of 2012 has been reenacted to allow homeownersto claim up to $200.00 for windows and up to $500.00 for entrance doors/patio doors.  Window & Door Magazine, a publication of The National Glass Association, stated that "the bill reinstates the 25c tax credits that expired at the end of 2011 and extends them through the end of 2013."  Homeowners are allowed to claim 10 percent of the total cost of the prorduct (not including labor) and can only receive a lifetime tax credit limit of $1,500.00.

This blog is not to be considered legal or tax advice; it is for awareness purposes only.  For more information on the requirements of applying and filing a 2012 Residential Energy Credits Form 5695, pleas visit Energy Star's website at http://www.energystar.gov/index.cfm?c=tax_credits.tx_index, or contact your tax professonal.