2009 Federal Tax Credit for Home Window Tint
The 2009 American Recovery and Reinvestment Act reinstated federal tax cuts for consumers who make certain energy-efficient improvements to their home. For 2009, window film has been added to the list of improvements. Now anyone who has purchased qualifying solar control window film between Jan. 1 and Dec. 31, 2009 can receive a 2009 tax credit. For those who have not yet purchased film, they still have time. give Sun Shield Window Tint a call (281) 748 – 5660 and get the product install before Dec. 31, 2009 to receive a 2009 tax credit.
Money in Your Pocket
A tax credit is more valuable than a tax deduction. Tax credits directly reduces your income tax, unlike a deduction, which reduces the amount of income subject to tax. The credit then directly increases the tax refund you receive or decreases the amount you have to pay. Homeowners can receive a 30% credit on the costs of window film, up to $1500. Installation charges do not apply.
Making it Simple
Complete 2009 version of IRS form 5695 and file 2009 Income Tax Returns by April 15, 2010. Forms will be available for downloadable at www.energystar.gov or www.irs.gov, along with a list of other available energy efficiency tax credits. Maintain copies of the dealer invoice for the window film product, separated by cost for film and installation. Installation costs are not elegible for the tax credit. You will also need a copy of the manufacturer’s certification statement which determines which products qualify based upon where you reside. Make sure you keep a copy of both for your records.
Protecting Houston from the Scorching Heat
Two Ways to Save Money
Energy efficiency can lower your federal tax bill and your monthly energy bill. Heat gained through windows makes up to 48 percent of your summer utility bill. Solar control window film reduces heat gain by 80 percent, which helps lower energy consumption and energy bills.
Other Benefits of Window Film
In addition to money savings, window film can increase indoor comfort, reduce fading of your home furnishings, and protect your family against harmful UV rays. Window film is also energy efficient. According to the Alliance to Save Energy, energy efficiency is the quickest, cheapest, and cleanest way to extend our world’s energy supplies.
To Purchase Film
This 30% window film tax credit only applies to the cost of window film. It cannot be applied for the cost of labor to install the film.
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I’ve been included in taxations for longer then I care to admit, both on the personal side (all my working lifetime!!) and from a legal standpoint since passing the bar and following up on tax law. I’ve offered a lot of advice and righted a lot of wrongs, and I must say that what you’ve put up makes utter sense. Please persist in the good work – the more individuals know the better they’ll be armed to comprehend with the tax man, and that’s what it’s all about.