Attention all quarterly estimated taxpayers: there’s been a change in the credit for qualified plug-in electric vehicles that the IRS suggests you consider when you pay your 2009 estimated taxes.

According to the IRS, the electric vehicle credit is now limited to plug-in electric vehicles. The maximum credit for a qualified vehicle acquired after February 17, 2009, is $2,500.

To see what else is new in estimated taxes for 2009, ... Read more >>

If you pay estimated taxes, then I suggest you consider this change for 2009:

According to the IRS, the credit for alternative fuel vehicle fueling property increases to 50%. For property placed in service during 2009 and 2010 at your main home, the credit limit increases to $2,000.

If you pay estimated taxes, here’s another tidbit worth considering:

According to the IRS, the 30% credit for qualified solar hot water property, geothermal heat pumps, and wind energy property is no longer limited to $2,000 per year. However, there is a $500 credit limit on qualified fuel cell property expenditures.

Here’s something worth considering if you plan to pay estimated taxes in 2009. This nonbusiness energy property credit, which expired after 2007, has been reinstated.

According to the IRS, the amount of the credit has increased from 10% to 30%, limited to a $1,500 total amount for 2009 and 2010 installations. It also has been expanded to include certain asphalt roofs and stoves that burn biomass fuel.

Here’s the latest in our series of tips about what’s new in 2009 with estimated taxes. Today’s pertains to certain government retirees.

According to the IRS, if you are a government retiree and you did not receive an economic recovery payment as a recipient of social security, supplemental social security, railroad retirement, and veterans disability compensation or pension benefits... Read more >>