Recently Published

Articles with the keyword "energy-efficient credit"

9 result(s) displayed (1 - 9 of 9):

Be Irish — Going Green has tax benefits!

As previously discussed in the June 2008 Tax Highlights, “Save $$ by Going Green with Your Building”, Section 179D, originally enacted as part of the Energy Policy Act of 2005, provides a deduction for energy-efficient commercial buildings through December 31,…

Residential Energy Credits Extended

Home Improvements: The Emergency Economic Stabilization Act of 2008 (the 2008 Act) and The American Recovery and Reinvestment Act of 2009 (the 2009 Act) extend and modify the lifetime nonrefundable credit for qualifying home improvements, which expired for expenditures after…

Solar Energy Can Lower Your Taxes!

We’ve all heard of the concept “going green” to save on energy costs. This catchphrase has raised an important issue and has changed our lives in one way or another. Most of us understand the environmental impact, or lack thereof,…

New Diesel-Fueled Car Credit

In response to high gas prices and a renewed interest in environmental causes by the American public, Congress has added many provisions to the tax code to encourage taxpayers to conserve. The Energy Policy Act of 2005 introduced an alternative…

Emergency Economic Stabilization Act of 2008 Offers Many Tax Benefits

On Oct. 3, President Bush signed H.R. 1424, the Emergency Economic Stabilization Act of 2008 (the Act) into law. This 451-page bill establishes a $700 billion Treasury fund to purchase troubled assets from financial institutions.The Act also includes 41 pages…

Save $$ by Going Green With Your Building

Under prior law, the cost of energy-saving investments generally had to be capitalized and depreciated. Now, Section 179D provides a deduction for energy-efficient commercial buildings through December 31, 2013. A deduction of up to $1.80 per square foot is allowed…

Hybrid Cars Save on Gas—and Taxes

With the increase in gas prices, hybrid cars are becoming more popular, especially with the added bonus of an income tax credit.How does the hybrid car tax credit work?: A credit of up to $3,000 is available, depending on the…

Using Propane Forklifts? Get a Tax Credit

A 50¢ per gallon refundable income tax credit can be claimed for alternative fuel, including propane sold for use or used as fuel in a motor vehicle, including forklifts.What must you do to claim this credit?: Register as an alternative…

Energy-efficient Homebuilders: Come and Get Your Credits

Eligible contractors can qualify for a credit of $2,000 for new energy-efficient homes built and sold before Jan. 1, 2009.What are the requirements for the credit?: To qualify for the $2,000 credit, the new home must:Be located in the U.S.…


Contact

Blackman Kallick
10 South Riverside Plaza
9th Floor
Chicago, IL 60606-3770

p 312-207-1040
f 312-207-1066
info@BlackmanKallick.com

Get Directions

This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.