Is there a form one can fill out for income tax purposes when they have new windows installed in their home.?

Question

If there is a form, where can you get it for the state of Oklahoma

Answer 1

Betty, whatever form you fill out 1040, 1040A, etc.,Get the entire book at your local Post Office and read....The book lists all information that you need for Energy Saving expenses.....

Answer 2

The other answerers are generally correct, but I'd add the following. If you replaced the windows because the windows were damaged by vandals or by a rock hitting them, etc., it might be considered a deductible "casualty loss," and you can go to the irs site (http://www.irs.gov) and put in the word "casualty," to search for the right form. However, I'm pretty sure that the amount of the casualty loss has to be fairly high before it becomes deductible.

Answer 3

Installing new windows are not tax deductible, so there are no tax forms needed to fill out for this.

Investment into your home is not currently deductible, but it increases your cost basis in your home when it comes time to determine your taxable gain when you sell the home.

If the windows are energy saving windows, there may be some tax credits you can claim on it, but it is not going to be anywhere near what you paid for the windows.

Answer 4

See new IRS Form 5695 to get an energy credit up to $200 for windows at www.irs.gov. Most states have no additional credits.

Answer 5

ok i just looked this up last night actually, everything i was getting was energy star goto www.energystar.gov but everything im getting says its capped at a certain dollar amount and that it only applies to the window not the instalation

Answer 6

The investment you made in your home is deductable on your income taxes. Just itemize your deductions, and include the cost of the windows in your deductions.

(Make sure you weigh the total of your deductions against the standard deductions to make sure you get the most credit. Talk to your tax advisor.)