We are thinking of getting some new windows. Will look at getting some that are Energy Star efficient. Worth up to a $600 credit (that’s a potential $600 off tax we owed).
(Note: Credits are not beneficial to you if you do not owe tax because of low income or prior loss carryovers. They are not money give aways, but a break in tax you owe. Salesmen will not explain that.)
And none of these improvements are worth doing just for the credit. You’ll spend a lot more than you’d save in tax.
But if you’ve been thinking about any improvements, follow some guidelines and it could save you tax dollars down the road.
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