Tax filing in 2014: 7 new rules and 9 wacky deductions

Tax filing season is here, so it's time to ensure you're ready to get the most out of your filing. Read on for new rules for 2014, plus several surprising deductions.

6. Energy efficient home improvements can mean tax credit

Stephan Savoia/AP/File
Len Bicknell walks from his house to his garage where his solar energy panels are mounted on the roof in Marshfield, Mass. in 2009.

Do you think green? This year that could also mean you see green. If you made energy efficient improvements for your home, anything from installing an energy-saving heater to more efficient windows, you can qualify for an energy credit of 10 percent (though the lifetime maximum is $500).

However, it depends on what eco-friendly home improvements you chose. The IRS breaks it down like this: "only $200 can be for windows, $50 for any advanced main air circulating fan, $150 for any qualified natural gas, propane, or oil furnace or hot water boiler, and $300 for any item of energy-efficient building property." Plus there are extra credits for solar panels.  

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