Posts Tagged ‘new homes’

Come and get it…Your Federal Tax Credits

Thursday, July 16th, 2009

Money is like manure; it’s not worth a thing unless it’s spread around encouraging young things to grow. – Thornton Wilder
The lack of money is the root of all evil. – Mark Twain

Did you know that Congress passed a bill in 2005 that can provide you a tax credit (that’s a dollar for dollar reduction in your tax bill to Uncle Sam!) for items that you may need to purchase for your house or even a new car?

That’s right Congress passed the Energy Policy Act of 2005. This federal legislation can provide you with up to $500 in tax credits for improvements to your house. Over $3,000 in tax credits for buying a hybrid car, and if you’re a person who wants to help the environment and you install some solar electric panels on your roof or a solar water heater collector on your roof you can get up to another $2,000 for each!!
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