02 Mar '12, 8pm

How to Claim Tax Credits for Your 2011 Energy-Efficient Home Upgrades

You’re already reaping the benefits of lower utility bills on the energy-efficient home improvements you made in 2011. Now it’s time to claim them on your 2011 income tax return. Find out what energy-efficient home improvements are eligible for federal tax credits, and which forms you’ll need to claim them. Energy Efficiency Tax Credits: Claim Up to $500 in Home Improvements Did you know you can get up to $500 back on your 2011 income tax return if you installed energy-efficient products in your home last year? You can do it through the Residential Energy Credits’ “nonbusiness energy property credit ,” which gives back 10% of how much you spent on building envelope improvements. This 10% payback has a $500 cap, with dollar limits for specific equipment. While you can claim the full $500 credit from improvements you made in 2011, the credit is actually cumulative, including...

Full article: http://ase.org/efficiencynews/how-claim-tax-credits-your-...

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