I read anything and everything I can get my hands on when it comes to real estate.  Therefore, I came across an interesting article that I wanted to pass on to you about saving money on your taxes...

A federal tax credit encouraging home energy efficiency is set to expire on December 31, 2007.  The credit, created by the Energy Policy Act of 2005, allows tax relief of 10% of the cost of materials for certain home improvements, up to $500 per household.  The tax credits are available on items including insulation, exterior doors, storm doors, materials that seal air leaks, Energy Star-qualified windows and skylights, central air conditioners, heat pumps, water heaters, Energy Star-pigmented metal roofs and furnaces.  

I've noticed many people are starting to go green, so I wanted to make you aware of this great write off.  Many homeowners have installed new windows, updated their furnace, etc.  Why not get credit for helping the environment with your efforts?  You will want to go to one of these sites to download the tax forms for when you file your taxes.  For more information on qualifying products or to measure your home's energy efficiency, visit http://www.jmhomeower.com/ or www.ase.org/taxcredits.

Do you have any great tax tips?