Correction: Taxes-Homeowners

AP News
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Posted: Mar 21, 2012 11:26 AM
Correction: Taxes-Homeowners

In a March 9 story about homeowners' opportunities for tax savings, The Associated Press erroneously reported that a tax credit is available to individuals who install energy-efficient appliances. There is no such tax credit for homeowners. The story also said erroneously that the IRS typically requires that the first $500 in disaster losses be deducted from any claims. The current amount is $100.