home energy tax credit

 

   I've just had all of the windows in our new place replaced with
Energy Star rated windows, and also had 2 doors replaced with Energy
Star rated ones.  I'm going to peel all of the Energy Star stickers and
ratings stickers off of them and keep them in a folder as proof.

   This year, I can't get anything out of this because it isn't a
refundable tax credit - it just decreases what you owe.

   For 2010, however, I'm wondering how I might best put this tax credit
to work.  Obviously, it is designed to balance out a tax owed, so I'm
wondering if there is something (useful, fun, whatever) I could do in
order to "owe" taxes this year, and balance those owed taxes out using
the energy tax credit.

   The only thing I can think of so far is perhaps transferring some of
my wife's retirement funds over to a Roth IRA.  Doing so triggers an
immediate tax liability, since about 60% of her retirement funds are
still in a taxable account.

   Anybody have any other ideas?  Thanks!

 


Do you have anything that looks like a sales receipt?  If I were the
IRS, I'd require that rather than anonymous stickers that could
have been pulled from someone else's windows.


So, did you buy these windows in 2010, or 2009?

 

Cindy Hamilton wrote:

2010.  Yes, there is a receipt of sorts, but just says total cost.