Highlights

Open

Contests and
Sweeps

Dream Vacation Sweepstakes

10 weeks. 10 amazing trips. Seize your chance to win!
See official rules. 

Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

PROGRAMS

AARP Foundation Tax-Aide

You can get free, face-to-face tax assistance nationwide.

Money Matters Tip Sheets

Download and print out these PDFs to help with your financial matters.

AARP Books

Visit the Money Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

webinars

Learn From the Experts

Sign up now for an upcoming Money webinar or find materials from a past session. 

Jobs You Might Like

most popular
articles

Viewed

Commented

Ask the Experts

Save Energy, and Then Save on Taxes

Q. I’ve been told that I’m going to need a new water heater soon. If I buy one now, can I get a tax break?

A. Yes, thanks to the American Recovery and Reinvestment Act of 2009, also known as the stimulus plan.

Certain energy-efficient home improvements, such as a water heater, qualify for a tax credit that is subtracted from what you owe the IRS, or added to your refund. Other products that earn the energy-saving tax break include windows, insulation, doors, heat pumps, central air conditioners, wood stoves and oil furnaces.

The products must be installed between Jan. 1, 2009, and Dec. 31, 2010. Taxpayers can claim up to 30 percent of the cost of energy-saving improvements to their primary residence, up to a maximum $1,500. Make sure you keep receipts of all purchases for easy reference come tax time.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

your money

Discounts & Benefits

Explore Your Learning Possiblities