December 3, 2011
The IRS recently posted a reminder to homeowners that there is still time this year to make energy-saving and green-energy home improvements and qualify for credit.
The first of these credits, termed “The Nonbusiness Energy Property Credit”, is aimed at homeowners who install energy-efficient improvements such as insulation, windows, and furnaces. The credit is more limited than in the past years, but can still provide substantial tax savings. The following is a summary of this 2011 credit:
The second credit, termed “Residential Energy Efficient Property Credit,” is designed to spur investment in alternative energy equipment. The following is a summary of this 2011 credit:
Not all energy-efficient improvements qualify for these tax credits. Homeowners should check the manufacturer’s tax credit certification statement before they purchase.
For more information on Home Energy Credits for 2011, contact our office.
Let’s face it. Kids aren’t cheap, so you have to save money where you can. Back-to-school shopping is a good place to start because costs can add up quickly—especially if you have more than one child. Consider these tips for sending your kids back to school without breaking the bank.
According to the commission's online claims process, those whose personal information was exposed can opt for 10 years of free credit monitoring, which breaks down as follows: Four years via the three major credit bureaus (Equifax, Experian and TransUnion) and six years specifically through Equifax.
With all the tax law changes this year, be sure that you are getting your just deductions in the coming tax season. That is, qualifying deductions that fall under the Child and Dependent Care Credit. According to tax giant and trusted resource Intuit, here’s the skinny…