Homeowners Renovation Tax Credit

Effective immediately until Jan. 31, 2010, homeowners can claim a Home Renovation Tax Credit (HRTC) for 15% of renovation expenses between $1,000 and $10,000.  The tax credit applies to a variety of home improvements, such as renovating a kitchen, bathroom or basement, new carpet or hardwood floors, building an addition, deck or fence, installing a new furnace, painting the inside or outside of your home & landscaping.  Routine repairs and maintenance will not qualify for the credit. Now's a great time to start thinking about that home renovation project.

John O'Leary

John O'Leary

Managing Broker
CENTURY 21 Wenda Allen Ltd., Brokerage*
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