| Write off up to $1500 for a New Garage Door |
| Articles - Savings |
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Save on your taxes, your heating and cooling bills, and increase the overall curb appeal of your home. The Fed has recently passed a new law that will make anyone who purchases a qualifying insulated garage door, eligible for a $1,500 tax credit.
Save on your taxes, your heating and cooling bills, and increase the overall curb appeal of your home. The Fed has recently passed a new law that will make anyone who purchases a qualifying insulated garage door, eligible for a $1,500 tax credit. The President passed an enormous stimulus package in early 2009 to try to get the economy moving. Part of the bill gave out tax credits for any home owner who made their home more energy efficient. Luckily for anyone looking for a new garage door, you can easily be qualified. This article should help you understand how this will apply to you. This tax credit is available for anyone who purchases a qualified garage door between the beginnings of 2009 to the end of 2010. A home owner is limited to writing off up to 30% of the cost of the garage door with a maximum deduction of $1500. In order to be eligible for the tax credit the door must be for a home, and must go on to a garage that is already insulated. Keep in mind that the U Factor must be equal to or less than .30 in order to qualify for the tax credit. The garage door will also need to have a perimeter air flow containment system. The credit also is only eligible for garage doors that are expected to be in place and for use for 5 years or more. The garage also must be the garage, or one of the garages at your primary residence. There are many benefits to installing a new garage door. Having a poorly insulated garage door will mean that during the cold season your warm air can escape, and in the hot month your cool air will escape. A new garage door will increase the appearance of your home, help lower your monthly heating and cooling bills, and now make you eligible for a $1500 tax credit. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Looking to find the best deal on California Garage Door Repair, then visit www.4garagedoors.net to find the best companies on Garage Door Repair for you.H |