The Federal Tax Credits Blog

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Obama To Call For Extension Of Bonus Depreciation Through ’10 Official

WASHINGTON -(Dow Jones)- U.S. President Barack Obama will call for temporary bonus depreciation, a $38 billion tax cut that would let businesses more quickly recover their capital expenditure costs, to be extended through 2010.

Part 3 of 10 – Third and Final Presidential Debate – John McCain and Barack Obama, October 15, 2008

Question: If Obama wasn’t lying, does that mean he’ll veto any health bill without citizenship verification in it?

If Obama was telling us the truth that the health reform bill will not cover illegal immigrants, surely that means he supports the (defeated) amendment that would have required citizenship verification for tax-payer funded credits. And by extension, surely that means he will VETO any health bill that crosses his desk without such verification. Correct? Will Obama be truthful and veto HR3200?
I actually think we should treat an illegal (or anyone) who gets into a car accident. That’s not the point. The point is that Obama claimed that no healthcare reform will cover illegal immigrants on his watch. Really?

Answer: Sad thing is with this the people who are driving up the cost of health care will still be utilizing the ER as their personal doctor’s office. Does anyone else see a problem here, other than the loophole in the plan that will not totally prevent illegals from gaining access to insurance, or driving up costs because they do not have insurance and will continue to seek what they believe to be free medical care? There is no good fix on the table at this time, and it should not be an all or nothing plan, but rather congress should go after one problem at a time.

Pending Sales of U.S. Existing Homes Probably Fell in November

Jan. 5 (Bloomberg) — The number of contracts to buy previously owned U.S. homes probably fell in November for the first time in 10 months as Americans waited for a tax credit to be extended, economists said before a report today.

The BossBeat – Extension and Expansion

Electric Car Conversions – Batteries

The heart of any electric car conversion is the batteries. You will need special batteries, called deep cycle batteries in order to make your electric car work properly.

These batteries allow you to charge quickly and discharge further than regular car batteries normally found in your vehicle now.

They are called deep cycle because normal batteries would be wrecked by the frequent draining of the batteries used in the system. Think of it as pouring water out of a glass. A regular battery you can only pour about 10% of the water out, but a deep cycle battery you can regularly discharge down 30% or so.

You don’t want to go lower than 30% down though. Topping up a battery that is to the 70% level is as low as you go.

Where do you find deep cycle batteries? We have been living off the grid for over 10 years now and have been living with battery systems to run our home for that long.

The same batteries used with solar panels and wind generators are easily fitted to electric car conversions. They are easy to find, but can get expensive if you don’t know where to look. The plans show some great sources of free batteries too. That is a great savings since the batteries for an electric car can be one of the greatest expenses.

Watch this interesting video that shows some high school students building their own electric car, including a good shot at the batteries.

Video??

A bunch of high school students can do it, so can you.

Finding batteries is not that difficult either, isn’t it time you got started.

Electric car Plans

http:www.AlmostAnyting.info/EnergySaving

With $42,000 Tax Credit Ending, Tesla reports strong Boulder sales

The incredibly liberal tax incentive — which is set up to encourage people to buy alternatively fueled vehicles such as the electric Tesla Roadster — is only available for two more days. Beginning Jan. 1, the credit will be capped at $6,000.

Tesla Sedan Unveiled! Tesla Model S Hits the Road

Tankless water heaters have some great advantages and benefits. You are able to save money on your energy bills, and have a constant supply of hot water. Whether you choose a large tankless water heater or a smaller tankless hot water heater you will be able to have the water that you need all the time.

One of the great benefits of a tankless water heater is that you are able to have as much hot water as you need. Many tankless hot water heaters turn on the heat source when you turn on the tap and will continue to heat the water until you turn the tap off. Another great benefit of this is that you will not be using energy that is not needed. With a traditional hot water heater, you will need to have the heat source on much more often, or sometimes nearly all of the time. This can cause your energy bills to be quite high, as well as waste a large amount of energy in order to keep your water hot.

Another benefit of a tankless hot water heater is that you can qualify for a tax credit. While this process may seem complicated, it is actually quite simple. The federal government has recently launched a program where they are giving people a tax credit for improving their overall energy efficiency. The increase in efficiency can be on anything from windows to doors to home appliances, including that hot water heater. Currently, only tankless hot water heaters are qualifying for this special tax credit. Unlike many more expensive items, the maximum that you can qualify for on a tankless hot water heater is around $300. This is because you are only given 30% of the cost of the tankless hot water heater as a tax credit.

Whether you know it or not, there are still more benefits and advantages of a tankless hot water heater. When you purchase a tankless hot water heater you are helping the environment. Usually, a traditional water heater will use so much energy that you will need to have additional power generated to use it. However, thanks to the unique and amazing technology of a tankless hot water heater, you are saving energy as well as the planets resources, which makes the tankless hot water heater a much more environmentally friendly product.

Being able to purchase a tankless hot water heater will help you save money on your energy bills, help the environment and ensure that you have a constant supply of hot water. There are even certain brands that make their products right here in the United States, giving you the ability to support American companies. You need to take a serious look at tankless water heaters and decide whether or not they are right for you. With the unique features of a tankless water heater you can have yourself one of the most energy efficient homes in your neighborhood.

Business Digest: Survey shows China manufacturing expanding

CHINA

Renewable Energy Tax Credit

Question: How do you qualify for the HOME START Tax Credit Advance Loan?

We were pre-approved for an FHA loan. We want to take advantage of the HOME START Tax Advance Loan where you can use the $8000 first-homebuyer tax credit for your downpayment. Does anyone know anything about this? Do you have to have a certain debt-to-income ratio to qualify?

Answer: While the FHA authorized this, it’s only if states are willing to do it.

Your real estate agent should know if it’s available and how to get you in touch with them.

Here are the requirements for Illionois (they may be typical)

http://www.ihda.org/admin/Upload/Files//784fbb40-55e9-4a4b-bc75-789be5d17f7a.pdf.

Just Energy Reports Fiscal 2010 Results

Record 505,000 Customers Added through Marketing Overall Customer Base Reaches 2.3 million up 28% including Universal Acquisition Fiscal 2010 Distributable Cash after Margin Replacement per Unit up 2%, Fiscal 2010 Seasonally Adjusted Gross Margin per Unit up 16% Consistent with Guidance Completion of Hudson Acquisition adds further 680,000 New Customers after Year End Management Provides …

Your Guide To Debts and Refinancing – A Comprehensive Guide to Money