Deduct Attic Insulation

These are entered in the deductions credits section.

Deduct attic insulation.

Open continue your return in turbotax. Part of an addition project but additional insulation in attic and craw. Over 90 percent of us homes are improperly insulated. For example you can get a tax credit if you purchase insulation materials for your walls or attic.

Anything that reduces air loss weather stripping or caulk can also qualify if you possess a certification statement from the manufacturer. Several insulation and sealant products qualify for a tax credit. Unfortunately no you will not be able to deduct the costs for repairs. Despite this it s easy to overlook the benefits of proper attic ventilation radiant barriers and energy efficient insulation.

Insulation this tax credit has expired adding adequate insulation is one of the most cost effective home improvements that you can do. I have attached a turbotax faq with more information. Standard bulk rolls of insulation spray foam type insulation and liquid to solid pour in place insulation count toward the credit. For insulation you can get a tax credit of 10 of the cost up to 500.

Can i claim a deduction for improvements made to my existing home that add to energy efficiency. Home insulation bulk insulation products may also qualify for a tax credit if they meet energy star standards. However if this is a capital improvement you will be able to add the cost of the improvement to the basis in your home. In the search box search for energy improvements.

Don t search for energy credit as this will take you to the wrong place in the program.