American Recovery and Reinvestment Act of 2009
The home construction and remodeling business is in the worst economic times it as ever been in. Builders, subcontractors, suppliers and workers have or are facing bankruptcy. Layoffs in the building industry are at all time high and not much recovery in sight. Businesses are doing about anything (more…)
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Recently President Bush signed into law the Emergency Economic Stabilization Act of 2008 which, among other economic incentives, extended the tax credit available for energy efficient home improvements. Home owners that are in the midst of planning to make improvements to their homes can do so in 2009 and receive tax credits for improvements (more…)
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You might be aware that President Obama’s Recovery Act of 2009 contains a number of tax credits and other incentives for various green and renewable energy home improvements. For example, the Residential Renewable Energy Tax credit will help fund up to 30% of a major home renovation, such as installing solar panels to power your home. However, (more…)
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In the United States, certain “qualified” home improvements may reduce your tax bite when it’s time to sell your house and some could allow you to take an immediate tax credit, but some of those same improvements could also raise your property tax bill by triggering a reassessment of your property’s value.
Fortunately, a property tax increase (more…)
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Buying a more energy efficient furnace for your home can save you a lot of money on energy bills, but it takes time for the utility bill savings to add up to the initial outlay cost of the new furnace. Since energy efficient furnaces are good for everyone (less pollutants, less demand for fossil fuels) the federal government provides tax credits (more…)
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