Home Improvement Tax Deduction Options in Atlanta, Georgia & Surrounding Areas
Home improvement projects come with instant
rewards. For instance, once you invest in remodeling your kitchen,
updating your bathroom, or replacing your windows, you get to
enjoy those improvements right away, every day. But thanks to
the many home improvement tax deductions and credits currently
available, homeowners also can reap the benefits of getting
money back on their tax return after they invest in certain
home upgrades.
Perhaps the most talked-about home improvement tax deduction
program is the federal tax credit for energy efficiency. As
part of the American Recovery and Reinvestment Tax Act of 2009,
homeowners can receive a tax credit of 30 percent of the cost—for
a maximum tax credit of $1,500—of installing certain home improvements
in 2009-2010. As long as they meet federal energy efficiency
guidelines, some qualifying home improvements include:
In addition to the above items, homeowners
also can receive a tax credit of 30 percent of the cost - with
no upper limit - of installing geothermal heat pumps, solar
panels, solar water heaters, fuel cells, and more. However,
it is important to verify upfront that the home improvements
you plan to make meet the stringent energy efficiency requirements
shown at www.energystar.gov/taxcredits.
If you are a homeowner in the Atlanta, Georgia area and you
would like more information about installing replacement vinyl
windows that qualify for the energy efficiency home improvement
tax deduction, please contact Factory Direct Remodeling today.
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