Energy Tax Credit for Homes
The Renewable Energy and Energy Conservation Tax Act of 2008 will provide tax credits and deductions to individuals as well as businesses. This bill is a modification of a previous energy bill that was passed in 2006 that offered most of the new tax breaks to large oil companies.
The bill will [...]
New Federal Tax Breaks
There are many tax breaks available for the purchase of a hybrid vehicle. The Energy Policy Act of 2005 allows for a credit on your return if you purchased a hybrid vehicle. It is called the Alternative Motor Vehicle Credit. This act replaced the previous clean-fuel burning deduction. It offers you a [...]
Home Based Business Tax Breaks
There are many deductions available for at home businesses and small businesses. It is very important to keep accurate records of all of your business expenses. This will make tax time much easier and may allow for a larger return of many often overlooked deductions.
There is some good news for business [...]