What Home Improvement Projects Qualify For Tax Credits?

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Submitted by Denise Rodriguez-- Making home improvements is always rewarding, but did you know that some of those upgrades could also come with substantial tax credits? The U.S. government offers incentives to homeowners to make their homes more energy-efficient, to accommodate small businesses, and families with specific medical needs. If you complete a qualifying home improvement project, you may be eligible for a tax deduction for the year the project was completed. If you've been thinking about upgrading your home, it's worth checking to see if your project qualifies for a tax credit.

Get Tax Credits For Energy-Efficient Home Improvements

Sunburst’s Polywood® shutters are the top energy-efficient window treatments on the market, and they could even help you qualify for a tax credit! The federal government encourages homeowners to invest in energy-saving improvements, which not only reduce utility costs but also provide potential tax breaks.

Each year, the rules may change, but typical projects that qualify for energy-efficient tax credits include:

• Installing solar panels

• Upgrading to an energy-efficient furnace or air conditioning system

• Replacing doors or windows with Energy Star-compliant options

• Installing Polywood® plantation shutters

 Upgrade Your Home Office For A Tax Deduction

If you are a small business owner, upgrading your home office could qualify for a tax deduction. Improvements to your home office may be eligible for a deduction if:

• Your home is your primary place of business

• You use the office exclusively for work purposes

With the rise of remote work, tax laws regarding home office deductions are evolving, so it’s important to check the latest guidelines. A home office upgrade, paired with Polywood shutters, can enhance both the comfort and energy efficiency of your workspace.

Medical Accessibility Alterations That Qualify For A Tax Deduction

Certain medical home modifications may also qualify for federal tax deductions. If you or a family member requires medical equipment or accessibility features installed at home, you could receive a deduction. Current rules may allow deductions for the installation of:

• Ramps or lifts

• Widened doorways and hallways

• Accessible smoke detectors and alarms

• Shower support bars

  
  

These projects not only improve the quality of life but can also lead to significant tax savings.

Home Improvements That Add Value And Qualify For Tax Deductions

Are you planning to sell your home in the near future? Major home improvements, especially those that increase your home’s value, may be tax-deductible. These capital improvements must last more than one year and add real, long-term value. Examples include:

• Adding a new bathroom

• Finishing a basement or attic

• Building a home addition

• Upgrading to an energy-efficient furnace

  
  

Keep detailed records, including itemized receipts for labor and materials.

Why Polywood® Shutters Are The Best Choice For Energy-Efficiency And Value

Sunburst Shutters has been an industry leader in high-quality window treatments for over four decades. Polywood® shutters are crafted in the USA using American-sourced materials, providing unparalleled quality and performance. These shutters are resistant to moisture, warping, and fading, ensuring they look great for years to come.

Beyond their durability, Polywood shutters are known for their energy-saving benefits, with a patented design that provides up to 70% more energy efficiency than traditional wood shutters, helping reduce energy costs.

Let Sunburst Help You Qualify For Tax Credits With Polywood Shutters

If you’re considering installing Polywood shutters, now is a great time to explore the potential for tax credits. Sunburst Shutters & Window Fashions offers free consultations to help you select the perfect window treatments and guide you through the process of applying for applicable tax credits.

Sunburst Shutters, established in 1978, has been a pioneer in energy-efficient window treatments. Their Polywood shutters are unmatched in terms of insulation, with a patented design that provides up to 70% more energy efficiency than traditional wood shutters. These shutters help homeowners keep their homes cooler in summer and warmer in winter by minimizing heat transfer through windows.

Here’s what you need to know about the tax credit for your Polywood shutters:

1. Order Polywood® shutters in 2024 and have them installed by December 31, 2024.

2. The shutters must be installed in your primary residence (not a vacation home or rental property).

3. When filing your taxes, include the Manufacturer’s Certificate (available on our website).

4. The credit covers 30% of your purchase price, up to $1,200, and applies to the tax you owe.

Each Sunburst Shutters location is family-owned and operated and we’re proud to offer our customers the best in both quality and service. If you’re interested in learning more, feel free to reach out for a free in-home consultation.

Call 980-292-3933 or visit our website to schedule your consultation today!

This post is not intended as tax advice. Speak with a  tax professional for details on how the Energy Tax Credit may apply to your situation.