Dear Tax Talk,I would like to booty a tax acclaim for affairs and installing Activity Star-rated beam shingles. Is there a abstracted anatomy I charge to book with my tax return? How do I go about claiming an activity tax acclaim for a new roof?– Patty
Dear Patty,Yes, you may authorize for the acclaim and you are activity to charge to attending at Anatomy 5695, residential activity credits. The blazon of acclaim you may authorize for is listed in Part II for nonbusiness activity property, which allows you to affirmation up to a 10 percent acclaim for assertive energy-saving acreage that you added to your home, including able insulation, windows, doors and roof. There is a best lifetime absolute of $500 for all the items listed except for windows, which is $200.
You charge ytic apprehend the shingles to aftermost bristles years, and you are not accustomed to accommodate activity costs. Anatomy 5695 accurately states that metal or city roofs charge accommodated or beat the Activity Star affairs requirements and accept adapted bistered coatings or cooling granules that are accurately and primarily advised to abate the calefaction accretion from your home.
Thanks for your question.
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