Tax Credits – Internal Revenue Code Simplified A Tax Guide That Saves You Money ! Tue, 11 Dec 2018 11:37:29 +0000 en-US hourly 1 Tax Credits – Internal Revenue Code Simplified 32 32 Gift Solar Electric & Claim Investment Tax Credit Tue, 11 Dec 2018 11:37:02 +0000 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 energy system.The tax credit is now available to homeowners in some form through 2021 , so it […]]]> 0 Gift Electric Car to Spouse & Get Tax |Credit Mon, 10 Dec 2018 07:38:12 +0000 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]]> 0 Child Tax Credit is Different Than Child & Dependent Credit ! Thu, 30 Nov 2017 04:32:27 +0000 child tax creditOften 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 credit is $1,000 for each qualifying child. For knowing about Child & Dependent […]]]> 0 First Time Home Buyer Tax Credit : How to Get it from States? Tue, 14 Nov 2017 12:43:34 +0000 first time home buyer tax creditThe 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 applicable for taxpayers who  purchased a home as your primary residence in 2008, 2009 […]]]> 0 Qualified Educational Expense Explained Through 8 FAQs! Sat, 27 Feb 2016 07:11:52 +0000 0 AOTC or American Opportunity Tax Credit : All You Ever Wanted to Know ! Fri, 26 Feb 2016 09:39:51 +0000 0 Child & Dependent Tax Credit Simplified ! Tue, 16 Feb 2016 12:56:36 +0000 0