Manufacturing Industry
IRS comes through with tax credit info.(News)
Roofing Siding Insulation, April, 2006
The IRS has published detailed guidance on the energy-efficient homes tax credits offered under the Energy Policy Act of 2005, according to the Insulation Contractors Association of America (ICAA).
During 2006 and 2007, home improvements that include insulation materials will provide tax credits for individuals in the form of a dollar-for-dollar reduction in tax. The credit is only available for materials purchased and does not include labor.
The maximum credit for 2006-2007 is $500. For detailed guidance, call ICAA at 703-739-0356 or visit irs.gov/pub/irsdrop/n-06-26.pdf.
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