Mid-Cape Home Center Blog

Cape Cod, Islands, and Southern Massachusetts Building Products and Services.

Are you confused about the 2009 Tax Credits?

A lot of people (including us) are advertising how you can save up to $1500 on your taxes this year when you purchase "qualifying" windows & doors.   But how in god's name do you figure out what qualifies and what doesn't.  Not every window qualifies and you have to have some idea about what u-factors, tempered glass, Low-E, and grille options are.  Man ... it's confusing! The good news - our window partner, Andersen Windows, has literally taken all the guess work out for you with their "Eco-Excel" program.  All of their tax-credit qualifying windows and doors are listed on their website.   Here's a link to the program - http://www.andersenwindows.com/servlet/Satellite/AW/Page/awGeneral-3/1143432022798 And here's the link to the list of windows and doors that do qualify (although - we recommend you start with the above link first for some background and guidance) http://www.andersenwindows.com/servlet/Satellite?blobcol=urldata&blobheader=application%2Fpdf%0D%0AContent-Disposition%3A+inline%3B+filename%3DTax_Credit_4-20-09.pdf%3B&blobkey=id&blobnocache=false&blobtable=MungoBlobs&blobwhere=1247457996411&ssbinary=true Here are some details on the 09/10 Federal Energy Tax Credit Tax credit applies to "qualified energy efficient improvements" which include exterior windows, doors and skylights, for the taxpayer’s principal residence in the United States.** Tax credit is for the cost of the product only and does not include installation costs. Be sure to ask for a sales receipt that shows the cost of the product only. Tax credit is 30% of the amount paid for the product up to a maximum of $1,500 combined for 2009 and 2010 (including other eligible items listed in the IRS Notice).** We'd wish you luck, but all you don't need it.  What you need is a good contractor, the above website, and a qualified window provider, like Mid-Cape Home Centers.  Happy Remodeling! Notes: Many Andersen  products with Low-E, Low-E4®, Low-E4 Sun or SmartSun™ glass meet the performance requirements for the tax credit when used for remodeling or replacement. Please consult your tax planner and review all IRS guidelines. Mid-Cape Home Centers & Andersen are not tax advisors. **The above is the best available information and is a partial summary of the revisions to the federal tax code (U.S. Code Title 26, Section 25C) as updated by the American Recovery and Reinvestment Act of 2009. Taxpayers should check IRS Notice 2009-53 for further details on the tax credit. Other energy efficient improvements may apply; check the following link and the IRS website for more details and updates: http://www.irs.gov/newsroom/article/0,,id=205018,00.html.