ABOUT ENERGY STAR PARTNER RESOURCES

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Can two people living in the same home both get the tax credit? Follow

Two or more unmarried people living in the same home, who own it jointly, are each eligible for the tax credit on the amount of money they each individually spend to make home improvements - up to the maximum for the home.

Example: Person A pays $3,000 towards new insulation, and Person B pays $2,000 towards the new insulation (for a total expenditure of $5,000 on new windows).  The total spent was $5,000, and tax credit is 10% of the cost up to $500. Person A will get 3/5 of the $500 credit or $300, and Person B will get 2/5 of the $500 or $200.

 

Details on Tax Credits.

 

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