Written by Any unused portions of this credit can be carried forward.
Not all energy-efficient improvements qualify so be sure you have the manufacturer’s tax credit certification statement, which can usually be found on the manufacturer’s website or with the product packaging.
Posts in category Form 1040 Information
Residential Energy Tax Credits 2012
Deducting Charitable Contributions
Donations made to qualified organizations may help reduce the amount of tax you pay. Here are a few things to help ensure your contributions pay off on your tax return.
READ MORE »Maximize your Travel & Entertainment Benefits.
Expenses are directly related if you can show:
There was more than a general expectation of gaining some business benefit other than goodwill.
You conducted business during the entertainment.
Active conduct of business was your main purpose.
What you’ll Need
Tweet Well here we are, January and it is time to start getting your tax information ready. But what do you need? Twelve months have passed. With the economy the way it is many have already been thinking about their taxes, some haven’t. Getting things ready to take in [...]
READ MORE »All About Energy Audits
Written by Tweet If you are tired of watching your home energy bills steadily rising, then it may be time for a home energy audit. An audit will pinpoint areas of wasted electricity, potential savings and improvements you can make to lower your energy bills. Before you start charging the children every time they turn on a [...]
READ MORE »When Are Self-Employed Medical Plan Costs Tax Deductible?
Tweet To take on the many benefits associated with self-employment tax deductions, there are many things that you can do. The first step in this process is to actually make sure that you are qualified for the self-employed health insurance deduction. You can acquire this deduction if you have filed for Schedule C or F [...]
READ MORE »Last-Minute Tax Deductions for 2011
Tweet With tax day just around the corner, here are some ideas that can maximize your tax returns this year: Invest more money in your retirement account – Your retirement funds actually aren’t taxed until that money is taken out of your retirement account. Contributions to retirement funds can be made as late as April [...]
READ MORE »Should You File a Tax Return?
Tweet Do you ever wonder whether your income is high enough to warrant the filing of a tax return? Because the minimum income level varies depending on filing status, age, and the type of income you receive, it can be a bit complicated. Use the following guide to determine whether you must file a federal [...]
READ MORE »The Home Office Deduction
Tweet The tax break has been expanded, but make sure you know the rules. The Taxpayer Relief Act of 1997 included a modification of the IRS’s definition of “principal place of business” that will permit a larger number of taxpayers to qualify for the home-office deduction. For tax years beginning after 1998, the deduction will [...]
READ MORE »A Week in Perspective
Tweet It would seem that while I was out of town last week I had a lot of extra time to look around. Surf the net if you will. This weeks perspective is the largest I have ever posted. I hope you all have the time to enjoy each site as the information is as [...]
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