Tax Credits Applicable on Solar Energy

In the middle of the cold months, most people get a rude shock when they see their utility bills. What many of us don’t know is that opting for solar energy helps in reducing the bills and also provides you with an attractive tax credit.

Solar Tax Credit

Solar energy, a form of alternative energy, is a clean and renewable type of energy. Producing solar energy on residential and commercial structures eliminates creation of pollutants and has considerable financial advantages as well. The concept of net metering is now widespread and well-established across 35 … Read more at 2009 Tax.

Donations to Haiti and their Tax Deductions

The IRS has new rules designed to assist those making donations to Haiti in a relief effort after their recent earth quake. Your 2010 donations can be deductible in 2009 if you follow the guidelines provided. First, your donations must be going directly to aid the Haitian people affected by the natural disaster.

There is a specific window of time that your donations must be made in to be eligible. The start date is the day we first heard about the earthquake, January 11th, and the final date is March 1, 2010. Additionally, … Read more at 2009 Tax.