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:
- Replacement Windows
- Doors
- Skylights
- Insulation
- Air Conditioners
- More
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 of Atlanta today.
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