July 19, 2010

IRS Tax Credits for 2009, 2010

Oh how we love our tax credits! How do we love them? Let me count the ways!

  • Adoption Tax Credit
  • Child and Dependent Care Tax Credit
  • Child Tax Credit
  • Credit for the Elderly and Disabled
  • Earned Income Tax Credit
  • Foreign Tax Credit
  • Hope Tax Credit
  • Lifetime Learning Tax Credit
  • Mortgage Interest tax Credit
  • I could go on and on but, Ill spare you. Do you know how many tax credits there are? If you dont then you should definitely use an online tax preparation software program like Turbo Tax Online that will search for all of the tax credits you deserve to take.

    Your Home May Not Be a Money Pit

    Do you know weatherizing your home can bring you a tax credit? If you can improve your homes energy efficiency you will be rewarded in the form of a tax credit.

  • Windows and Doors
  • Insulation
  • Roofs (metal and asphalt)
  • HVAC
  • Water Heaters (non-solar)
  • Biomass Stoves
  • Thats just the beginning of home improvement tax credits. Do you get the feeling youve been missing tax credits you could have claimed? Well, lots of people do miss out on deductions and that is unfortunate but, you dont have to miss out anymore. Turbo Tax Online will search for over 350 tax credits for you. Im sure it will find some you didnt even know you were eligible to claim.

    Hybrid Cars

    If you own a plug in electric hybrid vehicle you will be eligible for a tax credit for the car. The credit is based on the capacity of the battery system. Make sure you have the qualifying vehicle. The tax credit amount is based on a formula determined by the vehicle weight, technology, and fuel economy compared to base year models.

    Learn More about Tax Credits

    If I have your attention and you would like to know more about tax credits you may qualify to claim then read on. I have only scratched the surface of available tax credits.

    TurboTax Online will help you do a comprehensive search for every single tax credit you deserve to claim. If you would like to find out how you can lower your taxable income through tax credits then visit the web site today. You could have thousands of dollars in your pocket with a couple clicks of the mouse!

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