A provision in the recent Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 has created a tax credit opportunity for window films installed in residential structures. Under the new policy, the qualifying credit is  10% of the film cost with a maximum total credit of $500. The new policy went into effect January 1, 2011 and expires December 31st of 2011.

Money in Your Pocket
A tax credit directly reduces your income tax, unlike a deduction, which reduces the amount of income subject to tax. The credit then directly increases the tax refund you receive or decreases the amount you have to pay. Homeowners can receive a 10% credit on the costs of window film, up to $500. Installation charges do not apply.

Making it Simple
Complete IRS form 5695 and file 2010 Income Tax Returns by April 15, 2012. Forms are downloadable at www.energystar.gov, along with a list of other available energy efficiency tax credits. Maintain copies of the dealer invoice and the manufacturer's certification statement for your records. 

Window Tints is not a tax advisor. Nothing herein, including any content set forth in any documents or websites made accessible hereon, shall be deemed to constitute tax advice.  Please consult your tax advisor regarding your eligibility with respect to any tax credit.