In 2022 the Nonbusiness Energy Property credit was enhanced and renamed the Energy Efficient Home Improvement credit. The current version of the credit has been extended through the end of 2022 while the newly
I work from home, but I would never dare claim a home-office deduction, so the campaign is working. For our third item, the IRS loves to use exaggerated estimates of a “tax gap.” This is what it means in reality. Since I’m not a fan of withholding, this next tweet hits home....
Home Ownership Tax DeductionsBuying Your First HomeCan You Still Take the First-Time Homebuyer Credit?Tax Aspects of Home Ownership: Selling a HomeTax Breaks and Home Ownership More in Home Ownership Tax Aspects of Home Ownership: Selling a Home2024-2025 Energy Tax Credit: Which Home Improvements...
Only 20% of your home may be used for business purposes. If more than 20% of your residence is allocated for business use, the credit is based on the share of clean energy property purchase and installation expenses that are for personal use. For example, if 50% of your property is use...
Problem: The IRS—not eFile.com—rejected your tax return because you're required to submit a First Time Homebuyer Installment Payment with your return. Solution: Sign into your eFile.com account, click on My Return, and follow the instructions to correct it. Re-efile your federal and state...