8 Tax Breaks Expiring at the End of 2013

From mortgage insurance premiums to teachers’ classroom expenses, don’t miss out on these tax breaks.

Home improvement

7. Electric vehicles. Consumers who buy a qualified electric plug-in vehicle may be eligible for a tax credit of up to $7,500 depending on the size of the car's battery pack. For instance, owners of the Chevy Volt and Nissan Leaf may be eligible for a $7,500 credit, while owners of the Ford Fusion Energi and C-MAX Energi are eligible for a $3,750 credit. Some lessees may be eligible for this credit as well.

[See: 8 Energy-Efficient Home Improvements That Save Money.]

8. Remodeling your home for energy efficiency. Homeowners who remodel for energy-efficiency can take a credit of up to $500 over their lifetime. This provision has existed since 2006, so many taxpayers have already used the credit. "It looks at your prior credits that you've taken so there is a little bit of a look back, and you may not get the full amount," Spritz says. There is a separate $500 credit available for energy-efficient appliances. If you haven't used the credit yet, there's still two months left to install new windows or buy an energy-efficient air conditioner.

Corrected on 11/05/2013: A previous version of this story incorrectly stated a tax credit would be available for energy-efficient washing machines.

Corrected on 11/26/2013: A previous version of this story misstated the process for deducting state sales tax. You may deduct state sales tax if you state doesn’t have income tax.