Credit for energy-saving home improvements - Don't Miss it!

Credit for energy-saving home improvements: The tax credit equal to 10% of the cost of energy-saving home improvements is increased to 30% for 2009 and 2010, up to a maximum of $1,500 in the two-year period. The credit applies to biomass-fuel stoves; qualifying skylights, windows and outside doors; and high-efficiency furnaces, water heaters and central air conditioners. The dollar limit on a particular type of improvement, such as the $200 cap on the credit for windows, has been repealed, so don't limit yourself to the old rules.

Finally, there's also no dollar limit on the credit for qualified residential alternative-energy equipment, such as solar water heaters, geothermal heat pumps and wind turbines. Your credit can be 30% of the total cost of such systems.

There is more information in the article posted by Kiplinger's Personal Finance Magazine, "The 19 most-overlooked tax deductions"