[Show all top banners]

बैरागिकाइलो
Replies to this thread:

More by बैरागिकाइलो
What people are reading
Subscribers
Subscribers
[Total Subscribers 1]

Californication
:: Subscribe
Back to: Kurakani General Refresh page to view new replies
 Tax question regarading unused energy credit?
[VIEWED 1581 TIMES]
SAVE! for ease of future access.
बैरागिकाइलो
Posted on 02-18-11 9:07 AM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Can we get credit for unused portion of 2009 Energy tax credt ( all 1500  not used ) in 2010 tax year?.
It is not quiet clear to me. Thank you and appreciated your help.







 
बैरागिकाइलो
Posted on 02-19-11 1:47 PM     [Snapshot: 72]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

I saw many replies in past, why not here. Where is Syanjali?

 
Posted on 02-20-11 1:38 AM     [Snapshot: 132]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Is this the information you were looking for?


The tax credit for products at 30% up to $1,500 CAN NOT be carried over to future years. You can't even carry forward tax credit dollars from 2009 to 2010. But you can take part of the $1,500 in 2009, and the rest in 2010 - if they are for separate purchases (ex: you spend $3,000 on windows in 2009 and get a $900 tax credit on your 2009 taxes, then spend $2000 on an air conditioner in 2010 and get a $600 tax credit on your 2010 taxes).

The tax credit for the following products at 30% with no upper limit CAN be carried forward to future years:

· Geothermal Heat Pumps, Solar Panels, Solar Water Heater, Small Wind Energy Systems, Fuel Cells

You can carry forward the credit as long as the credit is still in effect. In this case, the credit is in effect through 2016. The energy efficiency tax credit is technically "non-refundable" which means at the end of the year, you can't get back more in credits than you paid to the government in taxes throughout the year. If you are unable to claim the entire 30% of your purchase for the above products, you can carry forward the unclaimed portion to future years through 2016.

The tax credit for insulation, windows, doors, roofs, HVAC, biomass stoves, and non-solar water heaters CAN NOT be carried over. These credits are for 30% of the cost, up to $1,500 in 2009 and 2010.

Source: http://mygreentaxcredit.com/FAQs.aspx

Last edited: 20-Feb-11 01:39 AM

 
बैरागिकाइलो
Posted on 02-20-11 9:55 AM     [Snapshot: 165]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

In 2009 upgraded 20 year old Airconditining system  to  a New state wide standard.  It will be considered as a single item purchase on 2009 and  can not be deducted  unused protion of it in 2010.
I stopped by at H& R Block and told me that I can claim the unused part of it.

Now H and R block made me confused. Thank you.

 


Please Log in! to be able to reply! If you don't have a login, please register here.

YOU CAN ALSO



IN ORDER TO POST!




Within last 200 days
Recommended Popular Threads Controvertial Threads
TPS Re-registration
What are your first memories of when Nepal Television Began?
निगुरो थाहा छ ??
ChatSansar.com Naya Nepal Chat
Basnet or Basnyat ??
Sajha has turned into MAGATs nest
NRN card pros and cons?
Do nepalese really need TPS?
कता जादै छ नेपाली समाज ??
susta manasthiti lai ke bhanchan english ma?
Will MAGA really start shooting people?
Democrats are so sure Trump will win
is Rato Bangala school cheating?
मन भित्र को पत्रै पत्र!
Top 10 Anti-vaxxers Who Got Owned by COVID
I regret not marrying a girl at least for green card. do you think TPS will remain for a long time?
काेराेना सङ्क्रमणबाट बच्न Immunity बढाउन के के खाने ?How to increase immunity against COVID - 19?
TPS Work Permit/How long your took?
Breathe in. Breathe out.
3 most corrupt politicians in the world
Nas and The Bokas: Coming to a Night Club near you
Mr. Dipak Gyawali-ji Talk is Cheap. US sends $ 200 million to Nepal every year.
Harvard Nepali Students Association Blame Israel for hamas terrorist attacks
TPS Update : Jajarkot earthquake
is Rato Bangala school cheating?
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.

Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters