Deduct Attic Insulation

Part of an addition project but additional insulation in attic and craw.

Deduct attic insulation.

However if this is a capital improvement you will be able to add the cost of the improvement to the basis in your home. These are entered in the deductions credits section. Unfortunately no you will not be able to deduct the costs for repairs. For example you can get a tax credit if you purchase insulation materials for your walls or attic.

You can claim 10 of the cost with a maximum limit of 500. In the search box search for energy improvements. Despite this it s easy to overlook the benefits of proper attic ventilation radiant barriers and energy efficient insulation. I have attached a turbotax faq with more information.

If you re looking to improve your energy use check out these five different ways to make your attic more energy efficient. Anything that reduces air loss weather stripping or caulk can also qualify if you possess a certification statement from the manufacturer. Can i claim a deduction for improvements made to my existing home that add to energy efficiency. Open continue your return in turbotax.

For insulation you can get a tax credit of 10 of the cost up to 500. 10 of the cost up to 500 requirements typical bulk insulation products can qualify such as batts rolls blow in fibers rigid boards expanding spray and pour in place. Don t search for energy credit as this will take you to the wrong place in the program. Standard bulk rolls of insulation spray foam type insulation and liquid to solid pour in place insulation count toward the credit.

Insulation this tax credit has expired adding adequate insulation is one of the most cost effective home improvements that you can do.