Certain energy-efficient home improvements can cut your energy bills and save you money at tax time. While many of these tax credits expired at the end of 2016, tax credits for residential and non-business energy-efficient solar technologies do not expire until December 31, 2021. Here are some key facts that you should know about these tax credits:
Solar Technology Tax Credits Still Available for 2020
Topics: Personal Finance, Taxes, Tax Credit, Home Ownership
Facts About the Adoption Tax Credit
Parents who adopted or started the adoption process during 2019 may qualify for the adoption credit. Generally, the credit is allowable whether the adoption is domestic or foreign. However, the timing rules for claiming the credit for qualified adoption expenses differ, depending on the type of adoption.
Topics: Personal Finance, Taxes, Tax Credit, Tax Return, Adoption
Do You Need to File a 2019 Tax Return?
Topics: Taxable Income, Taxes, Tax Deduction, Tax Credit, Tax Return, Tax Preparation
Credit for Plug-in Electric Vehicles Winds Down
Topics: Personal Finance, Taxes, Tax Credit
Tax Tips for Owners of Historic Buildings
Topics: Taxes, Tax Credit
Solar Technology Tax Credits Still Available for 2019
Topics: Taxes, Tax Credit
Special Tax Breaks for Members of the Armed Forces
Topics: Taxes, Tax Deduction, Tax Credit
10 Facts about the Adoption Tax Credit
Topics: Personal Finance, Taxes, Tax Credit, Tax Benefit, Adoption
Employer Credit for Family and Medical Leave
Thanks to the passage of the Tax Cuts and Jobs Act last year, there's a new tax benefit for employers: the employer credit for paid family and medical leave. As the name implies, employers may claim the credit based on wages paid to qualifying employees while they are on family and medical leave.
Topics: Business Ownership, Taxes, Tax Credit