If you didn’t, and you’re kicking yourself as you shiver in the cold, you still have options.
At the last minute, the government added a suite of less-generous but still useful energy tax credits, available only to those who didn’t take advantage of the 2009-2010 program. Among these is a $500 credit for insulation.
Tax credit limits and deadlines:
- 10% of expenditures, up to $500 for the year, for all energy improvements combined.
- Install the insulation by Dec. 31, 2011—or gamble on another extension.
- Save receipts and labels for Uncle Sam.