Homeowners Tax Credit under New Energy Legislation
Homeowners Tax Credit under New Energy Legislation
Included in the new energy legislation passed by Congress last week and expected to be signed by President Bush soon: a homeowners tax credit. Knight Ridder reports that "energy-efficient improvements to your home could net you a $500 rebate from the government." This rebate "gives consumers a credit off the bottom line of their 2006 or 2007 taxes equal to 10 percent of their energy-saving purchases."