Tuesday, March 24, 2009

Key Individual Provisions of 2009 American Recovery & Reinvestment Act of 2009



Tax Credit on Installing Energy Improvements To Your Home

NON BUSINESS ENERGY PROPERTY CREDIT

What Is It?

A Tax Credit of up to $1500.00 for qualifying residential energy improvements including windows, doors, siding.

Who Gets It?
Taxpayers who invest in such energy improvements to their property.

When Do They Get It?
When taxpayers file their 2009 and 2010 tax returns.

What Does The Taxpayer Need To Do?
When 2009 and 2010 tax returns are completed make sure to claim the maximum benefit under this provision. Be sure to reduce your credit by any non business energy property credit claimed the previous year.

Consult your tax professional for additional information. Not intended as legal advice

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