How To Get An Energy Tax Credit

An energy tax credit is a deduction you can get on your taxes for purchasing certain energy efficient items. The federal energy tax credit will give you up to a certain amount in exchange for you buying things like EnergyStar approved windows, doors, insulation, geothermal heat pumps, solar cells, and so on. There is a rather long list of approved items at the EnergyStar site. The government is hoping to encourage consumers to go green and help them afford to do so, which is definitely a good thing.

You can even get a tax credit for purchasing an energy efficient hybrid vehicle. While the Prius is the most popular and well-known eco-friendly hybrid on the market there are many others for which the tax credit applies. There are certainly plenty of benefits when it comes to purchasing a hybrid vehicle. These vehicles are great on gas and do not emit the dangerous pollutants the way non-hybrid vehicles do. So if you are thinking of upgrading your vehicle, there are many reasons to choose a hybrid car, truck, SUV.

So now you know two ways you can get energy tax credits. Number one, you can purchase certain energy efficient household products. Number two, you can purchase a new hybrid vehicle. This sounds quite simple and in some cases it is, but you need to know what kind of items apply and when they must be purchased in order to receive an energy efficiency tax credit. There is a great deal of information on tax credits of all kind at the IRS website, customer service representatives can help you over the telephone. They offer detailed help and are able to answer all your tax related questions.

Now that you are aware of some of the energy tax credit programs in place, you have an even bigger reason to live a green life. Not only will you be helping the planet on which you live, you will be saving money on your taxes. If you need ideas to help you go green, there are lots of books at the bookstore and/or library that can coach you in the art of being more environmentally friendly and upgrading your home and vehicle. You might also want to check out magazine articles and news stories on doing your part for the environment.

 


 

Working Tax Credit News:

 

IRS designates a day to remember income tax credit
The Earned Income Tax Credit means a great deal to working families, IRS Director Verlinda Paul said on a teleconference Friday. However, one in five eligible workers fail to claim their credit, she said...


4 businesses win Ohio tax credits - Cincinnati.com

4 businesses win Ohio tax credits
Cincinnati.com
More than 160 new jobs would be created by expansions of four businesses in Hamilton and Clermont counties, under tax credits approved this week by the Ohio Tax Credit Authority. The potential value of the tax credits was not disclosed.

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Earned Income Tax Credit awareness
AUGUSTA, Maine (NEWS CENTER) - If you work but don't make much money, you might be able to get something extra in your income tax return. It's called the Earned Income Tax Credit...


Wyden Urges Adoption of Tax-Credit 'TRIP Bonds'
Following Tuesdays Congressional Budget Office announcement that the Federal Highway Trust Fund has a much deeper deficit than previously believed, a bipartisan coalition of lawmakers from both houses of Congress are urging their colleagues to look at tax credit bonding to fund important infrastructure projects...


Gov't tax credits to be paid monthly as of July 2012 - Sault This Week

Gov't tax credits to be paid monthly as of July 2012
Sault This Week
By HEIDI IVANY, Special to Sault This Week Changes to the way the Ontario government pays the Ontario Property Tax rebate and other credits will affect local seniors and others on fixed incomes. Until 2010, some rebates for qualified taxpayers were .

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Tax credits could shift with term limits - KC Community News

CBS Local
Tax credits could shift with term limits
KC Community News
And you can give the credit to legislative term limits. The issue is tax credits given to special interests, developers, businesses and various social activities. Collectively, tax credits now cost the state more than $500 million per year EUR” as high .
Guest commentary: Tax credits and Missouri's budget shortfallSTLtoday.com

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County agency urges qualified taxpayers to take advantage of valuable tax credit which could bring them thousands of .
San Bernardino County officials are urging qualified taxpayers to take advantage of the Earned Income Tax Credit...


 

 

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