If you've been toying around with the idea of adding a wood burning stove for your home heating needs, the 2009/2010 seasons IS the time. You can realize a 30% tax credit on your next return up to $1500 per item, in this case a wood stove with at least 75% efficiency. A tax credit will reduce your taxable income dollar for dollar. There's a great Q&A on the Woodstove.com website.
This is HUGE... to draw a comparison, it's like having another child without the long term expense. :-) Parents with children realize a $1000 yearly tax credit.
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