Want to know what the only energy-efficient upgrade to your primary residence will be allowed to be as a Federal Tax Credit for 2017 and beyond? Solar Panels!
As of December 31, 2016 the energy-effiecient upgrades such as, window, door and skylight replacments, roofs, water heaters, insulations, bio-mass stoves, heating, air-conditioning, giothermal heat pumps and residential wind turbines will no longer be a federal tax credit if upgraded after the year 2016. If you however did renovate with any of these upgrades in 2016 you want to be sure to use https://www.irs.gov/pub/irs-prior/f5695--2016.pdf to claim them on your taxes.
Credit value per upgrades for 2016: -Windows, doors … (4 comments)
sellers: How important is knowing your "why" in the world? Introspective
- 10/24/16 12:28 AM
Everything that is important to me, I need to define my why for why I do what I do and why it's important to me. Without knowing your "why" you do not know your purpose or have a belief that inspires you enough to continue when it gets tough to. At times it is unclear what your purpose is because you limit yourself with what you think the expectation should be apposed to what you actually feel it should be. In order to find true purpose you need to feel it and not think it. Everyday you make a choice … (6 comments)
Did you know when buying a house in the state of OHIO for the first time, using a lender working with OFHA products you could receive a $2000.00/year maximum federal income tax credit with a MCC? Do you know you CANNOT ask for this after the loan has been processed? Did you know this can be coupled with other OHFA products like the Grants for Grads, military veterans program, and sometimes available for those who buy homes in targeted census tracts; not a first-time home buyer? "What is a MCC," you ask? "The Mortgage Credit Certificate Program (MCC), authorized by Congress in … (0 comments)
;)
;)
