Tax Incentive Question

[cyrus buelton]

If this is construed as political (which I feel is not), please just lock it or shoot me a PM and I will lock it.

As many of you know, this past year, their are several tax reimbursements available if you purchased a specific kind of furnance, windows, insulation, etc etc.

I purchased new windows that conformed to the incentive rules.

I am looking at 30% of what I spent up to 1500$.

I am dropping my taxes off at my CPA today and we discussed this (as she also fall into the category as they bought a new furnance). Apparently all you need to do is fill out a form from the IRS Website stating what you bought and that's it.

I find that very "loose" so my accountant said to keep the receipts (which I do have) and a printout from the manufacturers website proving what you bought corresponds to the specs of the rebate; this is only important in the odd chance you get audited.


I am sure there are some on here that have done this (I know MonsterLover put in Insulation that probably is eligible).


thanks in advance


I pay someone to do my taxes, I know you can file online for free, etc etc, but mine are a bit too complicated, so I choose to pay a former co-worker 250$ to do both ours. Which is nice because she runs them as separate and joint, looking to maximize our refund, which I hope doesn't exist other than the window rebate and probably some money back from my wife being in school (Made the dean's list again!!!)

[ducpainter]

It isn't political as posed.

I bet one of our illustrious members can fix that.

[cyrus buelton]

I bet one of our illustrious members can fix that.

I hope not.

I'd really like some outside advice on this one as it is kind of important to me as it is quite a bit of money and want to ensure it is filed properly so I do in fact get it or it offsets money I might owe.

[Monsterlover]

You're asking how to file to get the bucks back?

I'd start with who you bought they windows from.  They should know all the ins and outs and if they don't they should know who to send you do that would

[cyrus buelton]

You're asking how to file to get the bucks back?

I'd start with who you bought they windows from.  They should know all the ins and outs and if they don't they should know who to send you do that would

Lowe's doesn't know shit. They just know how to work their computer to get you the window you want that conforms to the rebate. As for fulfilling getting the dollars back, they haven't a clue nor do they care.

[ducpainter]

Shouldn't the person you're paying $250 know this?

[teddy037.2]

since you have receipts, I wouldn't worry too much.

Shouldn't the person you're paying $250 know this?

+1

[Monsterlover]

Shouldn't the person you're paying $250 know this?

There is that as well.

Also, you could call the manuf. of the windows

[Randimus Maximus]

[mitt]

The IRS site is pretty good for finding info.


mitt

[Grampa]

FYI.... you might also check into your local utility company and see if they are offering up any rebates on window upgrades. Every so often here in Cali, PG&E gives rebates to folks who purchase energystar rated windows.

[Speedbag]

I had a few windows replaced last fall, which I purchased through a local siding company. Said company furnished a document showing what percentage/dollar amount is eligible to be deductible.

So my CPA gets that and receipts and we go from there.

[cyrus buelton]

Shouldn't the person you're paying $250 know this?

Yes, but was seeking info on a second opinion as I like to get a few of them when dealing with the IRS.

[rgramjet]

http://dsireusa.org/ will answer many questions State by State.

[herm]

i dont know all about the rebates for "green" home upgrades..

my question would be...as far as the rebates...are they "deductions", or other rebates?

if they are deductions..dont they fall under the "either-or" standard vs. itemized deductions?

just curious, because even if you spent 3k on new windows, thats still less than 1k off your taxes, vs. whatever you might get as a standard deduction. so, if it is under the either - or catagory....kind of a fail.