by Renu Vardhan | Nov 11, 2009 | Tax Credits and Deductions
We are just around the start of another tax season! and it seems quite evident that as the economy picks up, taxes will go higher and many of the targeted tax deductions and credits will phase out. Alternative minimum tax and Estate tax will be there to affect us...
by Renu Vardhan | Oct 31, 2009 | Tax Credits and Deductions
The American Recovery and Reinvestment Act (Recovery Act), enacted earlier this year, expanded two home energy tax credits: the nonbusiness energy property credit and the residential energy efficient property credit. Eligible homeowners can claim both of these credits...
by Renu Vardhan | Aug 6, 2009 | Tax Credits and Deductions
In 2009- you can save on utility bills and taxes by making energy efficient improvements to your house. So it is the right time to start planning to take advantage of these credits…Nonbusiness energy property credit. This credit, which expired after 2007, has...
by Renu Vardhan | Mar 26, 2009 | Tax Credits and Deductions
For 2009 and 2010, the Making Work Pay provision of the American Recovery and Reinvestment Act will provide a refundable tax credit of up to $400 for working individuals and $800 for married taxpayers filing joint returns.This tax credit will be calculated at a rate...
