Who Qualifies for the Energy-Saving Tax Credits?
The Energy Policy Act of 2005 created Home Energy Efficiency Improvement Tax Credits to encourage spending on energy-saving improvements by homeowners. New energy-efficient improvements qualify including: insulation, exterior windows, exterior doors, water heaters, heat pumps, central air conditioners, furnaces and hot water boilers. The overall credit is limited to $500 and individuals who claimed the full $500 credit in 2006 cannot claim the credit in 2007. These credits are claimed on Form 5695. FREE TAX ASSISTANCE The IRS Volunteer Income Tax Assistance (VITA) program prepares tax returns for low-income families at no charge. Tax filers who are elderly, non-English speaking, disabled or military personnel can also file their taxes at VITA sites. Persons who are not currently employed who qualify for the EITC may also get free tax filing services through their local Employment Security Commission office. To locate a site near you, call the IRS helpline at 1-800-829-1040 or click thi
