Tax Credits

Home energy efficient tax saving credit which is actually legally named as The Residential Energy (Efficient) Property Credit is revived on December 20, 2019, when President Trump signed Appropriations Act of 2020, that retroactively…
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Similar to gift idea about tax credit for buying electric vehicle , here is another one-The Solar Investment Tax Credit (ITC)  that allows people getting a solar energy system installed to recoup 30 percent of the total cost of a solar…
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This is holiday gift season. So here is the tax planning idea that may fulfill the gifting desire of your as well as give you a good shot of tax benefits. Just gift the electric car to claim tax credit upto $ 7500
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Often taxpayers are confused about the two quite similar looking tax credits - Child Tax Credit and Child & Dependent Credit . This post is devoted entirely to the Child Tax Credit under which the maximum amount you can claim for the…
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The answer to the often asked question "Is there a tax credit for first time home buyers?" is a definite no as far as tax credit while computing Federal Income Tax is concerned because  first-time home buyer tax credit provision was…
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