Alternative Fuel Vehicle Refueling Property Credit & Estimated Taxes

August 14, 2009

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.... Read more >>

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Residential Energy Efficient Property Credit & Estimated Taxes

August 13, 2009

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.... Read more >>

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Nonbusiness Energy Property Credit & Estimated Taxes

August 12, 2009

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.... Read more >>

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First Online Estimated Tax Solution Goes Live in September

August 11, 2009

Easy Estimated Taxes, the first comprehensive online solution for estimated tax payers, will debut next month, just in time for the 10 million people who will have a quarterly tax payment due on September 15. Until now, these individuals had to mail checks and estimated tax forms to the IRS—if they remembered to do it—and they had no easy way to keep track of their payments.

The Easy Estimated Taxes concept was developed in response to the pain that... Read more >>

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Credit to Government Retirees & Estimated Taxes

August 11, 2009

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 >>

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