Tax Credit for Windows

If you had windows installed this year be sure to check and see if they qualify for a tax credit.

Most incentives are in the form of tax credits. Qualifying investments must be placed in service during the year the credit is claimed.

These renewable energy projects at the federal level include 30 percent of qualified investments being eligible, with uncapped credits for federal taxes expected to continue through 2019. The credit decreases in 2020 and will eventually expire in 2021. Of course, all credits are subtracted from net taxes owed.

For the 2018 tax year, the Montana state credit remains at 25 percent of eligible investments, up to $500 per taxpayer. The Montana credit can be claimed each year that eligible improvements are completed.

For more information check the website for the Montana Department of Environmental Quality (www.deq.mt.gov)