Saturday, March 21, 2009

A Dollar Short and a Day Late, I Am

Once again, I manage to miss all the bitchin' tax breaks for making my home more energy efficient. Here's a rundown of some new federal breaks for both homeowners and commercial building owners. Drat me for energy efficiencizing (?) so early!

Also, a new tax break for first time (having not owned a home for the last 3 years) home buyers who purchase their home before December 1, 2009--they can claim a credit on their 2008 OR 2009 returns. They don't have to pay it back if they use it as their continuous residence for 36 months, and can claim 10% of the purchase price (up to $8,000). Income restricts apply, as the credit fades out at higher income levels.

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