No Kidding.....it just depends on where you store it. Now if you are currently storing your batting and fiberfill in your sewing room.....there is no tax credit for you. Oh yea....this is for US citizens only....other countries will have to check with their governments tax officers.
Now this is how it works girls: The government is offering a tax deduction, I think it is up to 30% of purchase price, for all insulating upgrades to your home. So if you store your fiberfill or batting in your attic.....you can claim it is insulation!!! What the HEXX.....I figure if they IRS comes out to check on why we are buying our insulation from a fabric store and not a Home Improvement store....we'll just show them our quilts....give them some coffee (and Tim Tams) and they'll see this issue the same way we do.
Now....if that doesn't work....claim ignorance and say you read it online....but don't give them the exact source :)
Smiles,
Kelly
PS....I'm wondering if I store my fabric stash up in the attic if that will count too....hmmm....I'll check into this one and get right back to you.
Saturday, May 23, 2009
1 comment:
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More Later-Beth
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Now, that is creative. Why do I never think of things like that. Be sure to count mileage on shopping trips to buy said "insulation". Fleeces and flannels should drfinitely count, as should Quilts that could be hung on a wall.
ReplyDeleteI think Coffee and Tim Tams are vital in the bribing-I mean, explaining.