The Federal Tax Credits Blog

Posts Tagged ‘reference’

Question: Can I get tax credit for Hybrid car bought in 2007?

I bought a 2007 Toyota Prius in mid Oct 2007. I had not claimed for the tax credit and I had only filed with standard deductions(not itemized). I believe the tax credit was for about $1500. Can I claim this now and if so do I have to re-file with itemized deductions?

Thanks in advance.
Correction: I bought a 2007 Toyota Prius in mid Oct 2006. I had not claimed for the tax credit and I had only filed with standard deductions(not itemized). I believe the tax credit was for about $1500. Can I claim this now and if so do I have to re-file with itemized deductions?

Thanks in advance
More info from IRS

http://www.irs.gov/newsroom/article/0,,id=163103,00.html

Answer: The toyota prius credit expired 9/30/2007. Cars bought in October were out of luck.

There is nothing left for you to claim.

The best story of the year? You

That’s right, readers: You quietly changed lives this year by helping people we told you about when they needed it most.

1217 Glenwood House for sale Port Huron MIchigan

If you have a beautiful pond, then you need to be able to maintain it and if you have fish in it all the more reason to help them stay healthy and alive. Fish need a lot of clean water as well as oxygen buying one of the pond pumps would be a worthwhile investment. Before you gout and purchase one, make sure you familiarize yourself with all the pond supplies that are available in the market. Perhaps you would also require one of the pond filters to help you keep the water in the pond clean so that your fish thrive and multiply.

The pond pumps make sure that there is water movement in the pond and they help clean the water as well. Since the fish pond is quite different from a swimming pool using a swimming pool pump in a fish pond could be quite a waste. The flow rate is indirectly proportional to the quantity of head as more extra power is needed if you are to thrust the water up hill. Most manufacturers of pond pumps measure the maximum head they recommend for their pumps and provide you a chart which states the final rate at which the water flows at a particular feet of head pressure.

Pond filters are extremely important pond supplies if you want to have a pond which is successful. They not only help in making the pond water even more clear but even better, they rid the pond water of nitrates, ammonia and organic wastes which could mean the death of your fish. Making sure that a good quality of water is maintained in the pond at all times is the job that pond filters will do for you helping your fish stay healthy.

The various kinds of pond pumps having varied capabilities will raise water through a certain length of pipe to varying heights. The only thing common between all these pumps is that they are all better at pushing water rather than pulling it. Pond pumps come in two categories; the external pumps and the submersible pumps. The submersible pumps are normally used for small ponds as they draw high energy and are not very efficient where flow rates are concerned which might be something like a thousand gallons an hour. Submersible pumps are often used to maintain the aesthetic beauty of the ponds keeping the pond pumps out of sight and with newer technology today, they are getting more powerful as well.

Pond filtration happens in two steps one being mechanical and the other biological. In the former, organic waste is ensnared and is required to be taken out. If not, it could lead to the build-up of dangerous bacteria which could have adverse effects on your fish. During the biological process, the harmful compounds like nitrates and ammonia are changed into some that are not harmful. When you are looking for one of the best pond filters make sure that is a good one and does not need regular maintenance. One should buy pond filters keeping in mind the size of the pond, the volume of water it contains and the amount of fish there is in it. The same holds good for the pond pumps as well as price should never be the deciding factor.

Fourth quarter financial planning makes dollars and sense

Ventura-based financial planning firm encourages investors to take advantage of year- end adjustments.

Renewable Energy Tax Credits are Huge for Solar, Geo Thermal Heat Pumps and more

Question: Tax credit Energy Star appliance?

I bought a new hot water heater in December and I was just reading about a $300 tax credit. See below

“Heating, Cooling, and Water Heating Equipment
Purchasers of qualified energy efficient property are eligible for tax credits up to the total expenditures on such property. The credit can also be applied to labor costs for assembly and original installation of this property. Eligible property and maximum credit amounts are as follows:
electric heat pump water heaters: $300; ”

My question is do you get this credit only if you itemize?

Answer: There is no credit.

You bought it in December 2008. The credit SKIPS 2008 and comes back in 2009.

(Don’t feel bad, the water heater probably didn’t qualify anyway. Most of the models being sold weren’t efficient enough to qualify.)

Town halls blow hot, cold and powerful

They’re not competing, mind, but the mayors of Sydney and Melbourne are out-greening state and federal leaders with ambitious carbon dioxide reduction targets, and there are huge implications for property owners in each CBD.

GeoComfort Geothermal Heat Pumps

Question: Was their A credit in 08 for home cooling,and heating upgrade.?

I replaced my heat pump did not check for credit on tax forms.

Answer: There was one in 2007, but it ended on January 1, 2008. The latest one didn’t start until January 1, 2009. There was no credit during 2008 for heat pumps.

Fourth quarter financial planning makes dollars and sense

Ventura-based financial planning firm encourages investors to take advantage of year- end adjustments.

HOME 1–Drilling one of 6 Vertical Boreholes for Geothermal Heat Pump System

Question: What car do you think was the best you ever owned, in terms of function, fuel efficiency, design and price?

Just been thinking of some of the previously manufactured cars that really were priced right and efficient. Of the cars I have owned, my 1995 Ford Escort Wagon was probably the best investment I ever made in a car. Got over 300K miles on it with no problems whatsoever. Great efficiency, could hold a lot of stuff, no mechanical problems, easy to clean seats and floor, and great resale. Wish I had that car again!

It was so efficient,I ended up having to pay back part of the mileage credit on my taxes…I was working a sales job, and got more out of that car than they figured was possible.

The other car I would like to have, is an old Volvo 240 sedan. The only reason I have never owned one is that I live in rural Michigan, and there are no service places that can work on it. But I have friends in Sweden that have driven that model for up to 25 years!

Answer: One great car I had was a 1993 Chevrolet Lumina, all out comfortable, inexpensive, and even passed california smog without cat convertor replacement or any major repairs with over 330,000 miles on the engine. Transmission is a weak spot however.Finally blew the tranny.

My ’92 corolla was free, very good on gas , not as comfortable as the lumina, but has ell over 300, 000 miles as well. Tune-up parts are a little more expensive, but still reasonable.

Most fun and reliable, and even decent on gas on the freeway, was my ’79 camaro with the 305 v-8. Keep your foot out of the accelerator and it would do great on gas, especially on the freeway and have fun doing it.

DEC offers tips for safely using wood stoves

State Department of Environmental Conservation Commissioner Pete Grannis recently issued a news release reminding New Yorkers to be safe when burning wood in fireplaces or wood stoves. “While many still heat their homes with natural gas or oil, there has been a recent resurgence in the popularity of wood stoves,” Grannis said.

Propane Motor Fuel Tax Credit