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Indiana Insulation Deduction
Article ID: 33507 Print
Question
Indiana Insulation Deduction

Answer
You may be able to take this deduction if you installed new insulation in your Indiana home. Insulation includes weather stripping, double pane windows, storm doors and storm windows. To take this deduction the following requirements must be met:
- The insulating items must have been installed in your principal place of residence located in Indiana,
- The part of your home where the insulating items were installed must have been built before Jan. 1, 2006,
- The insulating items must be an upgrade and not a replacement or like-kind item (e.g., replacing a double pane window with a new double pane window won't qualify, but replacing a double pane window with a triple pane window will qualify), and
- The deduction must be taken in the year the insulating items were installed.
You are allowed to deduct the actual cost of the qualifying items, including labor, up to a maximum of $1,000.
Important: When claiming this deduction, maintain with your records the following information (as the Department can require you to provide this information at a later date):
- Item(s) purchased
- Purchase price
- Place of purchase
- Date of purchase
- Date of installation
- Amount paid for labor (you cannot include the cost of labor that you did yourself)

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Article Details
Views: 1087 Created on: Jun 15, 2013
Date updated: Aug 17, 2015
Posted in: STATES, Indiana

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