Energy Star Tax Rebate - Up to $1500 per household toward Home Improvement!

 

How to Claim the Energy Star Tax Rebate:

The Energy Star Tax Credit is administered by the federal government as an attempt to accomplish two goals at the same time:  stimulate consumer spending and reduce our carbon footprint.  Follow these steps to ensure you can take advantage of the Energy Star Tax Credit - up to $1500 per household toward home improvement.  Use the tax credit incentives to help the environment and lower your energy bills.

 

Instructions (4 easy steps):

  • Become familiar with the types of appliances you can deduct.

    The energy star tax credit is one of the tax credit incentives that have strict standards by the government. You can deduct energy efficient furnaces (oil and gas only), refrigerators, washers and driers, etc... Check the Government's Energy Star website regarding home improvements or talk to any company selling appliances.

  • Keep the manufacturer's certification statement.

    You will need this certification statement to prove you qualify for the tax credit incentives attached to the energy start tax credit. It should be a signed copy, but does not need to be submitted with taxes, just retained for records supporting your tax credit incentives.

  • Fill out IRS form 5695 for the year you start using the appliance.

    This only applies to 2009-2010. You will either claim the energy star tax credit for 2009 or for 2010. Be sure to fill out the credit for the year you actually start using the appliance. HURRY!  These tax credit incentives expire after 2010.

  • Record the energy star tax credit amount on line 52 of your 1040.

    If you are filling out your own tax forms the resulting tax credit incentives amount from 5695 should be reported on line 52 and subtracted from your total tax owed. This is a huge benefit since it decreases taxes owed, not just adjusted gross income. You can deduct up to $1500 total (even if you bought more than one energy star qualified appliance.) * Consult with a tax accountant for more tips on the Energy Star tax credit and tax credit incentives.

 

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We offer Home Improvement and Insurance Restoration services to the following areas in Maryland:  Annapolis, Anne Arundel County, Arbutus, Arden on the Severn, Armiger, Arundel Beach, Baltimore City, Baltimore County, Baltimore Highlands, Bayside Beach, Bel Air, Benfield, Bowie, Brooklyn, Canton, Carroll, Catonsville, Clarksville, College Park, Columbia, Curtis Bay, Edgewater, Ellicott City, Essex, Federal Hill, Fells Point, Ferndale, Fulton, Gambrills, Gibson Island, Glen Burnie, Golden Ring, Halethorpe, Hampden, Hampton, Harford County, Harundale, Highlandtown, Howard County, Hunt Valley, Joppa, Lansdowne, Laurel, Linthicum, Magothy Beach, Marley, Maryland, Mayo, Middle River, Millersville, Odenton, Orchard Beach, Owings Mills, Parole, Pasadena, Pikesville, Reisterstown, Riviera Beach, Severn, Severna Park, Timonium, Towson, West River, White Marsh and more!

          

     

 

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