How to Save Up to $500 on Your 2013 Tax Return

Mar 03, 2014

It’s tax season. As you gather receipts and look for credits and deductions on your 2013 return, the key to $500 in tax savings may be in your front door.

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Clopay Smooth Fiberglass entry door with Cimarron decorative glass and sidelights.

If you purchased an ENERGY STAR® qualified Clopay entry door in 2013 you may be eligible for a federal energy tax credit worth up to $500.

How to claim the credit:

1. See the Clopay entry door models that qualify for the energy tax credit.

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Clopay Manufacturer’s Certification Statement

2. Obtain a receipt from the dealer showing the purchase price of the door, excluding labor and installation charges, and the Manufacturer’s Certification Statement.

3. Submit tax form 5695 to claim the credit for the year the purchase was made. The credit equals 10% of the product cost with a lifetime maximum of $500. You do not need to submit the receipt with your return, but do keep it with your records.

4. If you claimed a residential energy efficiency credit in a previous tax year, consult a tax professional or visit www.irs.gov and www.energystr.govto determine if you are still eligible for this credit.

Tags:

Clopay Entry Doorsenergy tax creditsenergy efficiency

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