There has been a lot of talk throughout the past year regarding tax credits and with the expiration of the home buyer tax credit it should come to attention that there are still many tax benefits for home owners. There is no doubt that home ownership has its benefits. Aside from the fact that interest paid for a mortgage is a write-off for federal tax purposes, there are other tax incentives that come along with owning a home, one of which comes hand-in-hand with home improvements.
Making energy efficient or green improvements to a home can help homeowners at tax time. Reducing a home’s carbon footprint can also reduce a home’s annual expenses. The addition of solar energy, or simply replacing appliances with more energy efficient versions, can cost a homeowner up front yet save a homeowner money over time. Tax credits have been created to help encourage these green improvements.
For more information please contact me at 818.269.5550.
You may also visit my wesbite: http://www.caroledelacruzrealty.com/ or
email me at: carole@caroledelacruzrealty.com
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