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Energy Efficient Tax Credit for Windows and Doors
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Energy Efficient Tax Credit for Windows and Doors
The energy tax credit is not an itemized deduction. Whether you itemize or take the standard doesn't impact your ability to get the credit. What does matter is:
- Whether you've gotten $500 or more in energy credits since c 2006- there are caps
- Whether you have a tax liability, and hence can benefit from a tax credit
If you haven't maxxed out on energy credits in the past c 10 years, and have a tax liability after other credits are applied, this credit will lower your tax and therefore increase your refund/ decrease your amount due.
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Energy Efficient Tax Credit for Windows and Doors
The energy tax credit is not an itemized deduction. Whether you itemize or take the standard doesn't impact your ability to get the credit. What does matter is:
- Whether you've gotten $500 or more in energy credits since c 2006- there are caps
- Whether you have a tax liability, and hence can benefit from a tax credit
If you haven't maxxed out on energy credits in the past c 10 years, and have a tax liability after other credits are applied, this credit will lower your tax and therefore increase your refund/ decrease your amount due.
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