Wednesday, January 19, 2011

Taxpayers Should Check Eligibility Requirements for 2010 Energy Credits

An article posted on Bloomberg online cautions taxpayers to pay careful attention to the specific eligibility requirements for certain credits for 2010.

One of those mentioned is the energy efficiency tax credit. The article points out that taxpayers who purchased energy-efficient windows may only take this credit if the product(s) were installed by December 31, 2010.

Those who meet this requirement may qualify for a credit of 30 percent, or a maximum $1,500.

Full Article