Taking Advantage of Home Improvement

By Mary Beth Harrison 11/08/2010

Taking Advantage of Home Improvement <p style="margin: 0in 0in 0pt; font-family: Arial;" class="MsoNormal"><font size="2"><span style="font-size: 12px;"><font color="#000000">Home owners, you only have 60 days left to take advantage of the 2009-2010 tax credit for energy efficient home improvements. The credit includes but is not limited to insulation, heat and air replacement, windows and door replacement. When a home owner purchases energy saving items they can save in 3 ways. 1) They will save on home energy cost year round, 2) they will save with the tax credit of 30% of the purchase price up to $1500 total credit for all qualifying products, and 3) some manufactures are offering cash rebates.</font></span><span style="font-size: 10pt;"><font color="#000000"><o:p></o:p></font></span></font></p> <p style="margin: 0in 0in 0pt; font-family: Arial;" class="MsoNormal"><font size="2"><span style="font-size: 12px;"><span><o:p><font color="#000000">&nbsp;</font></o:p></span></span></font></p> <p style="margin: 0in 0in 0pt; font-family: Arial;" class="MsoNormal"><font size="2"><span style="font-size: 12px;"><font color="#000000">These home improvements must have been put into service after January 1, 2009 through December 31, 2010. There are also tax credits for solar powered improvements and of hybrid and alternative fuel car purchases.<span style="">&nbsp; </span>Go to the U.S Department of Energy website for specific details </font></span><span style="font-size: 12px;"><a onclick="javascript:_gaq.push(['_trackEvent','outbound-article','www.energy.gov']);" href="http://www.energy.gov/taxbreaks.htm"><font color="#2361a1">http://www.energy.gov/taxbreaks.htm</font></a>.</span></font></p> <p style="margin: 0in 0in 0pt; font-family: Arial;" class="MsoNormal"><font size="2"><span style="font-size: 12px;"></span></font></p> <p style="margin: 0in 0in 0pt; font-family: Arial;" class="MsoNormal"><font size="2"><span style="font-size: 12px;"><o:p></o:p></span></font></p> <p style="margin: 0in 0in 0pt; font-family: Arial;" class="MsoNormal"><font size="2"><span style="font-size: 12px;"><font color="#000000">A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. Consumers can itemize purchases on their federal income tax form, which will lower the total amount of tax they owe the government. Check with your CPA for specific filing rules.</font></span></font></p> <p style="margin: 0in 0in 0pt; font-family: Arial;" class="MsoNormal"><font size="2"><span style="font-size: 12px;"></span></font></p> <p style="margin: 0in 0in 0pt; font-family: Arial;" class="MsoNormal"><font size="2"><span style="font-size: 12px;"><o:p></o:p></span></font></p> <p style="margin: 0in 0in 0pt; font-family: Arial;" class="MsoNormal"><font size="2"><span style="font-size: 12px;"><font color="#000000">Mary Beth Harrison, </font><a modo="false" href="http://www.dallastexasrealestateblog.com/"><font color="#2361a1">www.dallastexasrealestateblog.com</font></a></span><span style="font-size: 12px;"><font color="#000000"><img hspace="5" height="144" width="116" vspace="5" align="right" alt="Energy Efficient Home Improvements" src="http://www.socalofficerealestateblog.com/wp-content/newuploads/2010/05/green20business1.jpg" /></font></span></font></p>