| AD Singleton & Co, CPA, Inc.'s |
Watch Your Wallet!
A newsletter for clients and friends.
November 2008 | Published by ADSCPA |
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A collection of practical tax and financial tips, articles, and resources targeted to help you watch your wallet and keep what you earn.
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If possible, delay energy efficient home improvement projects into 2009 and receive a tax credit. In October 2008, President Bush signed the "Emergency Economic Stabilization Act of 2008". This law extends the tax credit for energy-efficient existing home improvements for 2009. Home improvements, including energy efficient windows, doors, HVAC, insulation, roofs, and water heaters, installed between January 1, 2009 and December 31, 2009 are eligible for the tax credit.
Caution: Improvements made in 2008 are not eligible for tax credits. Under the energy efficient tax credit law of 2005, all tax credits expired at the end of 2007. New 2008 law
applies only to improvements in 2009.
