Today TaxMama hears from Gordon in New Jersey who asks, “Can we still claim a tax credit on our 2008 tax return for replacement windows?
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Dear Gordon,
That’s an excellent question.
Unfortunately for 2008, that part of the credit has expired.
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https://www.irs.gov/pub/irs-pdf/f5695.pdf
See the instructions for Form 5695.
However, for 2009 the credit will return.
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And it will most likely cover all the things the old credit covered.
https://www.irs.gov/newsroom/article/0,,id=154657,00.html
Plus it’s been expanded to include qualified small wind energy property and qualified geothermal heat pump property.
It appears that for 2008, we can use solar energy costs and certain fuel cell costs.
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And remember, you can find answers to all kinds of questions about tax credits and other tax issues, free.
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Where? Where else? At TaxMama.com
- Ask TaxMama :: Where taxes are fun and answers are free
- www.TaxQuips.com :: The number ONE free tax podcast online
- IRS Form 5695 :: Residential Energy Efficient Property Credit
- IRS Article :: Guidance for Energy Credits for Homeowners
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