Homeowners still have time this year to rack up a $200-$500 federal tax credit on new windows and doors, according to consumer website HouseLogic. The key is ensuring they install products that fit the Feds’ exacting standards.
If you installed new windows and doors in 2012 and haven’t already taken advantage of the energy tax credit program, you may be able to claim up to $500 in tax credits.
Tax credit limits and deadlines:
- For doors, you can claim up to a $500 credit.
- For windows and skylights, you can claim only up to a $200 credit. (That’s total — not per window.)
- 10% of expenditures, up to a lifetime $500, for all energy improvements combined.
- Installation costs aren’t covered.
- The relevant doors, windows, and skylights must have been installed by Dec. 31, 2013.
- Save receipts and labels.
- File IRS Form 5695.
The Energy Star site is your safest bet for information on how to get the credit and what’s covered. The site is also the best place to find Energy Star approved Builders and Renovators.