10 midyear tax moves to make now
Make home energy improvements
Make your home more energy efficient. It could help reduce not only your utility bills, but also what you owe the IRS.
You can make relatively easy and inexpensive upgrades, such as adding insulation or replacing leaky windows, and possibly receive a $500 tax credit on your 2013 tax return.
More extensive -- and expensive -- alternative energy improvements will get you bigger tax breaks. These include installing solar energy, wind power, fuel cell or geothermal systems. Eligible home energy improvements in these areas could qualify for a tax credit equal to 30 percent of the cost, including installation, without any cap on the credit amount.