I don’t know about you, but tax planning is not my favorite activity in the world. Not when I could be doing something really fun, like planning a renovation of my kitchen, or figuring out where to add a sunroom, or figuring out how to brighten up the family room.
Luckily, sometimes you can combine fun activities with those not so enjoyable tasks we all have to consider. For example, you can marry your passion for home renovation with tax planning by installing replacement windows and doors.
Home replacement windows — whether you opt for vinyl home replacement windows, fiberglass home replacement windows, or even wood home replacement windows — offer the homeowner many benefits. You can save energy with home replacement windows. You can improve the appearance of your home with home replacement windows. You can save a substantial amount of money on your home energy bill with home replacement windows. You can help save the environment with home replacement windows.
And if you act now, you can earn a tax credit by installing home replacement windows.
Certain home improvements qualify for special tax credits. Qualified home replacement windows and doors — specifically those bearing the Energy Star label — mean that you’ll get a credit on your tax return. However, you do have to have this home replacement windows and doors in place before the end of December.
Looking at the calendar, we’re just about to enter August. We’re two-thirds of the way through the year. Roughly four months remain before you’ll miss the window (pun fully intended) to capitalize on your windows.
What should you do? If you hope to claim this credit this tax year, you need to act fast. Realistically, if you’re in the Northeast, the last few months of the year are not ideal window-replacement time. Do you really want to have wide-open holes in the side of your house for any length of time in November while a Nor’Easter is blowing up? Chances are the answer is no — and most window installers have no problem admitting they’d rather do the job during nice weather as well.
Home replacement window manufacturers like Alside, Harvey, Champion, Pella, Marvin and more all create high-quality windows that meet the criteria for the tax credit. You have the time to research which windows will work best for you: which companies offer triple pane glass, low e coatings, UV protection, impact resistance, insulated frames and other critical energy saving features. You can search for the perfect style window to compliment the exterior of your home. There’s time to explore options: tilt-in hinges for easy cleaning, perhaps a sliding glass door or French doors to change the ambiance of a room.
Obviously, tax considerations are not the sole reason you should consider home replacement windows. Home replacement windows improve a home on many levels, from enhanced energy efficiency to quality construction and attractive presentation. However, if you’ve got to do your tax planning anyway, and a renovation project was being planned, why not combine the best of both worlds, and start shopping for home replacement windows now?