Sanibel Real Estate Blog: Tax credits for homeowners

Sanibel real estate homeowners:

Are you getting all of the tax credit you deserve on home improvement this year?

Homeowners can earn up to $500 on their return by taking into account small upgrades made last year, including:

  • Biomass stoves
  • Heating, ventilation, and air conditioning
  • Advanced main air-circulating fans (tax credit amount of $50)
  • Insulation (10 percent of the cost, up to $500)
  • Roofs (metal and asphalt)
  • Water heaters (non-solar earns a tax credit of $300)
  • Windows, doors and skylights (tax credit amount is 10 percent of the cost
  • excluding labor)
  • Check with your tax preparer if you have made any of these improvements.

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