The Federal Tax Credits Blog

Posts Tagged ‘energy’

Question: What can the feds do now to boost the economy?

They tried:
8,000 home buyers credit (which cost every tax-payer about $250)
cash for clunkers (biggest failure ever)
credits for energy efficient windows and appliances
They have even released oil reserves to “try” to lower gas prices
QE2 is over today

What else can they do?

Answer: Have a war in the US (North vs South) or de-computerize, de-mechanize every industry and put more people to work.

New Orleans still ain’t rebuilt from Katrina plus this years hurricane destruction and flooding and fires.

You got enough to keep you busy. The US is the wealthiest nation on earth>in small pockets<(it also has the distinction of being the poorest in larger pockets.

Coastal Bend business leader: Mike Wanzer

A/C company owner has been in business for 31 years

340 E Mosholu Pkwy S Apt 2h, Bronx, NY 10458

Question: are you worried about losing entitlements?

im a white male. i have never qualified for any social programs. even with the same economic assets as blacks. the entitlement system is for life style dependency. i go hungry while minorities get fat. we could drop food stamps, welfare, energy assistance, emergency phones,
section 8, and earned income credit. it wouldnt take a dime from a white male making less than 16k. maybe its time for self dependency.

Answer: What’s so sad is, we are going to lose ALL of the entitlements , even the Social Security for senior citizens, if we do not get our country in order, all because the LAZY want a handout instead of earning a living, now the seniors cannot work and the trash will get a job NOW , after they have destroyed it for the hard working people that PAID into the system, I think the liberals that allowed this to happen to our seniors should be lined up and shot and shot again if missed the first time, Oh! you say , how awful, well how awful is it for the seniors*******************************************************************************************

STATE: California wants YOU to make your house energy-efficient

Leaky heating ducts, thin attic insulation, and ancient appliances suck energy from a home like a tick sucks blood from an unwary hiker.

what is the SREC program (solar renewable energy credit)- Absolute Green Energy Corporation

Question: Cashing in a savings bond — Tax Concern?

When I was young, my grandma would buy me (and my brothers) US Savings Bonds. I am now a grown man, and I am still holding on to them. Well, I have some home improvements coming up, and I could take out a home equity loan or line of credit to pay for them. But I’ve got these savings bonds sitting there just collecting dust. So I could cash them in and offset the amount of equity I’d have to use for these improvements. But here is my concern. I know that if you cash them in, you have to claim the interest earned on your federal taxes. So let’s say I have a $2500 savings bond that is now worth $5000 (so it has earned $2500 in interest). If I would cash that in, how badly would I get hurt come tax time? Can anyone tell me approximately what percentage of that $2500 I would end up having to give back to Uncle Sam? I am just trying to avoid getting myself into trouble, where I’ll end up owing $2000 next year. That would pretty much defeat the purpose of cashing them in.

Answer: The percentage you would pay would be based on your other income, it’s hard to say without knowing your situation. On $2500 it would range from about 10% up to 35% depending on your income. Most people about 15%.
A way around this for the future, if your children get savings bonds, you can file a tax return for the child each year, declaring the amount of interest the bond earns that year. Unless your kid is quite wealthy they won’t pay any tax yearly and when time comes to cash the bonds they will already have been declared and no tax is due.

Study Calls State Center Project a $127 Million Taxpayer Handout – By Megan Poinski

Megan@MarylandReporter.comThe first part of the public-private partnership State Center project in B…

Scott Robinson from Apple HVAC discusses tax credits

Inexpensive Grid Stability Solutions

With all the discussion of grid based energy storage for renewable energy integration, the two cheapest and most mature solutions are overlooked. They are also the solutions most often overlooked by investors captivated by the story of clean technology.

solar energy

Question: New homeowner tax credit question…?

We are closing on our house in March of 2009. Does that mean that we will get the tax credit this year (2009) when we file our taxes? Or in 2010? PS……we are building our house and construction began on it in September 2008.

Answer: You will receive the tax credit for the year in which you officially close and take possession of the property. Just make sure you keep good documentation of all escrow paperwork and receipts. I still have mine and I bought 20 years ago.

News, briefly

See what’s happening in and around Kingston.

HelpfulInvesting201.COM…We are building your next house!