Is April 15th the most feared date on your calendar? You are not alone, as April 15, 2013 approaches, many homeowners begin to fear and dread that date, because it’s the day that the Internal Revenue Service (IRS) says that your 2012 federal income tax is due.
Just like those poor souls on the doomed ship Titanic, which coincidentally sank on April 15th, a sense of panic sets in as the deadline approaches. Compiling the information you need to complete your tax return can be a daunting task, especially when you are searching for every last possible deduction. Roof Worx, your Denver roofing company would like to share some great news about a potential credit that may be available to you.
As your Denver, CO roofing company, Roof Worx does its best to keep abreast of information which both impacts and benefits the roofing industry. It is sometimes difficult to keep up with the actions of Congress, however, Congress did reinstate the residential energy tax credits that had previously expired in 2011. What this means for you, is that if you installed any of the energy efficient products covered by the program, and haven’t already claimed the full credit, you can still claim up to a $500 credit on your tax bill.
There are certain caveats in order to claim the credit. Most notable, you can only claim the full credit one time from 2006 forward. You should check with your tax accountant to review your ability to claim this credit. As a Denver roofing company, Roof Worx can share the following information about this potential tax credit as it relates to roof replacements.
Qualified roof products reflect more of the sun’s rays, which can lower roof surface temperature by up to 100F, decreasing the amount of heat transferred into your home. The tax credit amount is 10% of the cost, up to $500. The tax credit does not include the installation costs so calculate the potential credit based on the material costs only. As your Denver roofing company, Roof Worx completed roof replacements throughout Denver and the surrounding communities that meet the requirements by installing metal roofs with appropriate pigmented coatings, and asphalt roofs with appropriate cooling granules that also meet Energy Star requirements. So, do your research and see if you qualify for this very important tax credit.
Contact your Denver roofing contractor, Roof Worx at (303) 353-1825 for assistance with all your roofing, gutter, and siding needs. Roof Worx is your trusted Denver Roofer, providing Denver roofing, siding, gutters, and free Denver roofing inspections. Give us a call today and let us show you the Roof Worx – Denver Roofing difference. Roofing Denver one property at a time.