Can Energy-Saving Home Repairs Improve Your Tax Return?

Not only is it the season for holiday safety tips, it's also closing in on tax season. Jackson Hewitt® recently released a whole list of things you can do before the end of the year to have a better 2006 individual income tax return.

One tip in particular stuck out in my mind in regards to home energy. According to these tax preparation experts, making energy-saving home improvements can help you during tax season. They say you should consider undertaking home repair projects, especially those that improve a home's energy efficiency such as installing a new furnace or energy-efficient windows or doors, before Jan. 1, 2007. Apparently, there is a credit of up to $500 available for qualified energy-efficient home improvements, as well as other credits available for qualified solar water heating systems and solar panels.

For a full list of tax tips, check out the Jackson Hewitt press release or visit www.jacksonhewitt.com.