How to Get a Tax Credit for Replacing Windows
It is possible for a homeowner to receive a tax credit for replacing the windows in a home. The amount of the tax credit can change from year to year, so the homeowner should do some research to find out the amount of the current credit. The homeowner also must make sure to buy replacement windows that qualify for the tax credit.
- Go online to determine the current tax credit that you will receive for replacing windows in your home. You can also meet with an accountant or tax preparer to find the current amount. The tax credit may often change, depending on the tax laws that are in effect when you choose to replace the windows.
- Find out the type of windows that qualify for the tax credit before you buy any replacements. Search online or contact a local window company to find the information. Make a note of the type of windows you need to buy and then start to search for the cheapest source.
- Call a window company and arrange a time to have a salesperson come to your home to inspect your windows. Show the salesperson the windows that you want to replace. Ask the salesperson to give you an estimate so you can compare the cost with different companies.
- Ask another window company representative to meet you at your home. Request an estimate and compare the price with the first company. Make sure the cost includes installation unless you intend to replace the windows on your own.
- Keep a copy of your replacement windows receipt with your tax records for the current year. When the time comes to prepare your taxes, unless you are doing them at home, give the receipt to your tax preparer so you receive the proper tax credit. You may also be able to print a Manufacturer’s Certification Statement to use as verification that the replacement windows qualify for the tax credit.