Close
< BACK Subscribe

Thinking of year end taxes?

November 20th, 2011


 Thinking of taxes now?  I know it doesn't sound right, but now is the time to think and/or buy items that might help you on your taxes.  Specifically, energy tax credits that will expire at the end of the year.  According to Kiplinger.com :

"Upgrade Your Home

This is your last chance to claim a tax credit for making energy-efficient improvements to your principal residence. The home-energy tax credit expires at the end of this year.

It is worth 10% of the cost of new windows, doors, skylights, insulation, and heating and air conditioning systems, up to a maximum $500 credit (but no more than $200 can be allocated to new windows).

You must install the upgrades by December 31 in order to claim the credit, but you can't claim it for 2011 if you already took advantage of $500 or more of energy tax credits in previous years.

An even bigger credit is available to homeowners who install renewable-energy equipment, such as geothermal heat pumps, solar panels and small wind turbines, in their primary residence or vacation home by the end of the year. You can claim a credit for 30% of the cost, including installation, with no limit. This credit is good through 2016."

For a detailed look at all energy tax credits visit http://www.energysavers.gov/financial/70010.html


Join the discussion

To post a comment on this blog post, you must be an HAR Account subscriber, or a member of HAR. If you are an HAR Account subscriber or a member of HAR, please click here to login. If you would like to create an HAR Account account, please click here.

Login to Comment
Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

Join My Blog

Ideas, resources, links, thoughts, and musings about Real Estate and the Houston/Clear Lake Area.
Simien Properties
711 W. Bay Area Blvd #500, Webster, TX 77598   Get Directions
Phone: (281) 280-8675
Fax: (281) 218-6944
  • Archive
    •     2024
    •     2023
    •     2022
    •     2021
    •     2020
    •     2019
    •     2018
    •     2016
    •     2015
    •     2014
    •     2013
    •     2012
    •     2011
    •     2010
    •     2009