As you prepare your 2011 tax return, don't miss out on a valuable tax credit that is staring you right in the face when you come home every day – your front door. If you upgraded the entry door on your primary residence to a more energy efficient model by December 31, 2011, you may be eligible for a $500 tax credit.
The credit applies to the door only and does not include installation.*
A tax credit is more valuable than a tax deduction because you get a dollar off for every qualifying dollar spent; a deduction only decreases the amount of income that is taxed.
Clopay's Rustic Collection Cherry woodgrain fiberglass entry door qualifies for the energy tax credit.
Here's what you need to claim your energy tax credit:
The professional door dealer who installed your new ENERGY STAR® qualified Clopay entry door should have provided you with a signed manufacturer's certification statement along with a breakdown of the cost of the door(s) and the labor when the job was completed.
You do not need to submit a copy of the certificate with your 2011 tax return, but DO KEEP A COPY for your records.
To download a copy of Clopay's entry door manufacturer certification form, click here.
For a complete list of deductions, visit the IRS website
There are several long-term benefits to upgrading your front door beyond the tax credit, including year-round energy savings, greater curb appeal, and a solid return-on-investment at resale.
Don't miss out on 10 other potential tax deductions most people miss. Read this article.
*Note: If a taxpayer has already taken an Energy Tax Credit from 2006 to 2010, the 2011 Tax Credit may not apply. Consult a tax professional to determine your eligibility for the tax credit.
Tags: Clopay entry doors, energy tax credit
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