Another Mid-Year Tax Tip...

Cool off with an energy credit. The 10% residential energy credit, which had technically expired after 2012, was revived retroactive to 2012 and extended through 2013. It covers energy-saving improvements installed in your home this summer like central air conditioning and advanced main air circulating fans, as well as insulation materials; exterior windows and skylights; exterior doors; natural gas, propane and oil water heaters or furnaces; water boilers; electric heat pump water heaters; biomass stoves; and certain metal roofs. Tip: A lifetime credit maximum of $500, as well other specific limits, applies to qualified expenses.