Friday, February 4, 2011

Some Tax Tips

Non-business Energy Property Credit

You can take credit based on what you spend on various energy-saving improvements made to your main home.  The rate is 30% of the cost of all qualifying improvements, with a maximum credit limit of $1,500 for imporvements placed in service in 2010.


The above information was compiled from the Tax Guide 2010 for Individuals publication on January 18, 2011.  Please consult a tqax accountant or visit the IRS websites listed below for complete details on tax credits and deducations: www.irs.gov/pub/irs-pdf/p17.pdf   and    www.irs.gov.

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