Going Green Tax Tips

Recent Articles

What Is the IRS Form 5695?
You must complete IRS Form 5695 if you qualify to claim the non-business energy property credit or the residential energy-efficient property credit. Read more…

What Is IRS Form 8910: Alternative Motor Vehicle Credit?
If you purchased a vehicle with fuel cells, you may qualify for a tax credit. IRS Form 8910 is used to figure out that credit. Read more…

Energy Tax Credit: Which Home Improvements Qualify?
The full renewable energy tax credits are good through 2019 and then are reduced through the end of 2023. Claim the credits by filing Form 5695 with your tax return. Read more…

What Are Energy Tax Credits?
In an attempt to promote a healthier environment, the U.S. Congress authorizes an array of energy tax credits as incentive for people using alternative energy resources. If you are eligible, these tax credits reduce the amount of income tax you owe on a dollar-for-dollar basis. To give that some context, a tax deduction only reduces the amount of income that is subject to tax, so energy tax credits could save you a lot of money. Read more…

Conserve Energy, Save Money with Larger Credits
Note: The content of this article applies only to taxes prepared for 2010. It is included here for reference only. If you are trying to save money on your energy bills by making some energy-saving improvements, the government wants to give you a hand. Read more…