The Federal Tax Credits Blog

Posts Tagged ‘solar’

WaterFurnace Launches Ad Campaign That Features Jeff Gordon and the Benefits of Geothermal Heating and Cooling Systems

FORT WAYNE, IN–(Marketwire – 07/01/11) – WaterFurnace Renewable Energy , a leading manufacturer of residential and commercial geothermal and water source heat pumps, announced the launch of a new advertising campaign that features Jeff Gordon and the benefits of geothermal heating and cooling systems. The multifaceted advertising campaign showcases the four-time NASCAR Cup Series champion in …

Question: Is $140,000 annual salary “enough” for a family of 5?

I found this question interesting yesterday as most who answered it said “absolutely.” Let me make sure everyone understood the question. $140,000 per year gross will net you about $84,000 per year or $7,000 each month. Now let’s subtract:

$300 for 401K retirement contributions
$800 for family health ins assuming employer pays balance
$200 for family dental ins assuming employer pays balance
$1,400 for mortgage, homeowners ins & taxes
$750 for 1 minivan and 1 economical car
$200 for auto ins on both cars
$1,000 for food
$400 for gas in both cars
$75 for Christmas/Holiday fund
$300 for savings
$200 for electric
$200 for heating/air conditioning
$175 for phones/cell phones
$125 for cable/internet
$75 for trash pickup
$200 for entertainment
$200 for vacation savings
$75 for life ins on each parent
$150 for credit card debt

That leaves our family with $175 each month for emergencies! So get that college education and the best job you can. Money doesn’t go very far!

Answer: Interesting analysis. It certainly shows that even with what would be considered a “high” income, you have to watch where your money goes. I’d question some of your numbers ($200 for electric and $200 for heating/AC? Not even in expensive California — I pay about $100 for both per month)…but the point is well taken. Everyone needs to:
a) analyse where their money goes, and squeeze dollars where they can
b) make sure the “savings” part works hard, and doesn’t just sit in a bank account making 2%
c) pay off those credit cards and don’t charge any more!

Nice analysis.

America is Chugging Along

Sometimes, I think to myself, that I’d rather jump into a pool with live hair dryers than listen to another White House official or DC politician give another doom and gloom talk about how the U.S. is in the worst recession since the Great Depression.

Comfort Tech Heating and Air Conditioning Commercial

Question: Can someone explain the apparent american infatuation with tax breaks?in light of our crumbling infrastructure?

Is there a disconnect somewhere?

depleted military, health care issues, porous border, need of renewable energy, soon to be bankrupt social security etc..
???

Do you think americans are delusional???
and believe in ignoring spending money on things that are really needed unless its just an ouright emergency and even then just pay for it on a credit card???
thanks sewious..for helping make my point…about americans being delusional. “the military and border are the only things that need our collective attention” LMAO…ROFL.
whose collective attention do other things require? Martians???

Answer: That’s because the private sector is what runs the economy, and not the government. Private spending vs. Govt spending.

Government can’t help the economy by “spending money on thigns that are really needed”. This spoiled generation always thinks there is something we NEED to buy or spend money on. The best thing government can do with the money it steals from the public is to give it back to them and let them control how it is spent, the public always does a better job spending money than the government. Did you know that out of ever dollar spent on welfare, only 20 or 30 cents actually go to those who need it? Whereas in a church, at least 90% goes to people who need it.

The only big things the government really needs to spend money on collectively is the military, schools, and roads. And even many libertarians don’t support publicly funded roads and education.

There is nothing wrong with the govt giving money back to the people, in fact it is the right thing to do. Especially when you have a government who mismanages how money is spent. The sooner the public has money to spend, the sooner the economy will get back in shape. There are also a lot of other factors, obviously, but the bottom line is businesses need buyers.

Boy Wonder

Senate votes to repeal ethanol tax credits

The Senate voted Thursday to repeal tax credits for producing ethanol, a vote that budget cutters hope will demonstrate a growing appetite in Congress to end special interest tax breaks to help reduce government borrowing.

Mayor Lewis of Gilbert, Arizona – Attracting Renewable Energy Companies -buildaroo.com

Question: Investment Tax Credit for Solar/Wind investments?

Is it necessary to be a citizen of the US to take advantage of this tax credit? How can a foreign entity use this tax credit? Any ideas?

Answer: A foreign entity can use the credit if it pays US income taxes

Black Hills Corp. Reports First Quarter Results and Updates 2011 Earnings Guidance

Black Hills Corp. today announced first quarter 2011 financial results. Adjusted net income was $23.3 million, or $0.59 per share, compared to $31.7 million, or $0.82 per share, for the same period in 2010 .

Wind-turbine Manufacturer to Expand in Plymouth Township

Question: How do i qualify for the tax credit for replacing all of my windows?

After all of my windows were replaced i noticed a sticker on my window that said that i would qualify for a tax credit.

Answer: you fill out a special form with your income tax return early in 2011

go to www.irs.gov and search for forms

Senate Dems split with Obama on transferring tax credits from oil companies to alternative energy

Democrats agree that it’s time to end credits and write-offs in the tax code for the most profitable oil companies, but when it comes to spending the billions that would be added to government coffers if the bill passes, Congress is ignoring President Obama’s call to use the extra money to subsidize alternative energy.

7 Missed Tax Deductions To Increase Your Tax Refund