Did you get a new furnace or water heater in 2011? Or insulate your house or install new exterior doors or windows? You may qualify for two different energy credits. The amounts are less than before, but it is still worth considering. Here is a link to the IRS website discussing the credits:http://www.irs.gov/newsroom/article/0,,id=249922,00.htmlRemember if you have questions, call me at 818-317-6035 or email me at bstonercpa@sbcglobal.net and we can discuss them.You can count on us to count for you!
Brian’s Tax Musings – The Child Tax Credit
Here is another reason to have kids besides their sweet faces (and another way to help pay their allowances) – The child tax credit. You can get up to $1000 in credit for each kid under 17 and it can be refundable. This link to the IRS website talks about the credit:http://www.irs.gov/newsroom/article/0,,id=106182,00.htmlAny questions? Call me at 818-317-6035 or email me at bstonercpa@ancglobal.net and we can discuss them.You can count on us to count for you!
Brian’s Tax Musings – Remember the Education Credits
If you went to school last year, you may qualify for the education credit; either the American Opportunity Credit or the Lifetime Learning Credit, which can save you money on your taxes. See this IRS tip sheet on the Education Credits:http://www.irs.gov/newsroom/article/0,,id=254740,00.htmlAny questions? Call me at 818-317-6035 or email me at bstonercpa@sbcglobal.net and we can discuss them.You can count on us to count for you!