Welcome to tax saving Guide
2006 Energy Tax Savings Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Reduce Your Taxes This Year
from:We’re all looking for ways to save money. And, one of the best places to look for savings is in your taxes. There are lots of ways to reduce your taxes; so make sure that you’re taking advantage of each and every one that’s available.
Reduce your taxes by making your home energy efficient. When it’s time to make home improvements, be certain that you’re making energy efficient ones. Not only will buying, let’s say, an energy efficient hot water heater save you money on your utility bill each month, but if you purchase a hot water heater that is Energy Star rated, you’ll reduce your taxes in the year you purchase it, as well. Energy Star is a government program for rating the energy efficiency rating on products. So, be certain when you purchase large appliances, or other things like replacement windows, that they come with the energy star rating. Save your receipts and use them when you file your taxes to figure the deduction. The deduction is typically 10% of the cost of the appliance; for replacement windows the maximum deduction is $200.
Make your home solar - You to claim a credit for 30% of the cost of installing solar water-heating, photovoltaic, or fuel-cell equipment in your home, up to $2,000 total. No credit is allowed for equipment used to heat a swimming pool or hot tub. Again, this is a great way to reduce your energy expenses month after month and reduce your taxes.
Buy a hybrid car – You can reduce your taxes by purchasing an energy efficient car, like a hybrid. There are tax credits available for a variety of fuel efficient automobiles. Check out the credits before you buy – in some cases you can qualify for over $3000 in tax credit. In addition, you’ll save money on fuel each and every month that you own the car, and you’re doing the environment a favor, too.
Take a look at your stock portfolio – If you have some stocks that have tanked since you purchased them, now’s the time to sell them. When you sell stocks at a loss, you can deduct the loss from your taxes. And, when your stocks are doing well, you’ll reduce your taxes when you sell them by holding on to them long term. Long term capital gains taxes on stocks are around 15%, while short term capital gains taxes can be up to 30%. So, if you’re thinking of selling a good stock, be certain to check on how long you’ve held it.
2006 Energy Tax Savings News
At an Iowa Factory, Obama Argues His Energy Policies Work - New York Times (blog)
 UI The Daily Iowan | At an Iowa Factory, Obama Argues His Energy Policies Work New York Times (blog) By PETER BAKER NEWTON, Iowa – President Obama called on Congress on Thursday to extend and expand renewable energy tax credits, visiting a town revitalized by a wind-turbine blade factory to argue that his policies have begun to transform American ... President Obama Calls on Congress to Act on Clean Energy Tax Credits in “To Do ... Obama returns to Iowa to seek wind tax credits Obama compares Romney's rhetoric to 'cow pie of distortion' |
Obama, Wind Industry To Congress: Expiration Of Clean Energy Incentives Will ... - North American Windpower
Obama, Wind Industry To Congress: Expiration Of Clean Energy Incentives Will ... North American Windpower Meanwhile, the president on Thursday will visit wind turbine blade composites manufacturer TPI Composites as part of his call to Congress to extend both the PTC and the Section 48C clean energy manufacturing tax credit. The company is based in Newton, ... |
Report: Boulder's 'Impressive' energy savings under Climate Action Plan still ... - Denver Post
Report: Boulder's 'Impressive' energy savings under Climate Action Plan still ... Denver Post At the same time, the consultants and city officials are in agreement that the city won't achieve its climate goals unless it can find a way to get significantly more energy from renewable sources. The carbon tax, approved by voters in 2006, ... Boulder considers commercial energy-efficiency requirements |
Boulder council: County's tax issue could hurt carbon tax renewal in November - Denver Post
Boulder council: County's tax issue could hurt carbon tax renewal in November Denver Post During a study session devoted to climate and energy issues, City Council members agreed that the Climate Action Plan tax -- set to expire in March -- should be placed on the November ballot as an extension of an existing tax. |
Putin energy "tsar" named CEO of Russia's Rosneft - Reuters
 The Guardian | Putin energy "tsar" named CEO of Russia's Rosneft Reuters His move from the corridors of power to the executive suite at Rosneft - just across the Moscow River from the Kremlin - marks the culmination of Sechin's evolving role as energy 'tsar' in the world's largest oil-producing nation. Russia's Medvedev Appoints Igor Sechin As Rosneft CEO |