Energy Efficiency Tax Credit

Heating your home can be a financial strain. In fact, HelpAdvisor says 26% of Americans skipped or cut back on basics like food and medicine to pay an energy bill in the past year. And that’s before the steep price increases expected this winter. “No matter how you heat your home,” CNN says, “the cost […]

Solar power energy provides benefits such as low pollution, energy savings and a reduced carbon footprint. In an effort to encourage people to install solar power in their homes, the U.S. government introduced federal solar tax credits for new residential and commercial systems in 2006. This tax credit can help to offset equipment and installation […]

For homeowners and renters who pay their own utility bills, electricity represents a significant and often unpredictable monthly expense. In the United States, people spend an average of about 2% to 3% of their annual earnings on electricity. That’s a decent chunk of change, and it’s little wonder that people are always looking for ways […]

While owning a home has widely been considered the American dream and one of the best ways to build long-term personal wealth, the tax benefits of buying and owning a home are often overlooked and not considered. There are various different tax benefits available to homeowners that are not available to renters. These tax benefits typically save homeowners thousands of dollars per year in federal income tax liability. While there are many tax incentives available to taxpayers, owning a home is the greatest tax benefit of all.