Saturday, December 29, 2007

Green Tax Breaks Will End On Dec. 31

If you're looking for last-minute green tax breaks, you better hurry.

This may be the last year to take advantage of credits related to energy-efficient home improvements because they expire at year-end.

The Energy Tax Incentives Act of 2005 allowed homeowners to take a one-time tax credit of up to $500 for doing things like installing new efficient windows, insulation and heating and cooling equipment in their homes.

But provisions to extend the credits were dropped from the energy bill during the deal-making that took place to get it signed into law by President Bush this month.

So now qualifying products must be purchased and installed by Dec. 31.

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