Energy Credits

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Subject Author Date Energy Credits George Anthony 10-06-2008  Re: Energy Credits Alan 10-06-2008  Re: Energy Credits George Anthony 10-06-2008  Re: Energy Credits Alan 10-06-2008  Re: Energy Credits tobe 11-14-2008
Posted by George Anthony on October 6, 2008, 11:04 am Please log in for more thread options Were the nonbusiness energy efficiency improvements property credits that expired January 1, 2008 part of the bill that just passed? (windows, doors, insulation, furnace, etc.) Thank you, George L. Anthony geoanthony@atlanticbb.net -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Alan on October 6, 2008, 1:35 pm Please log in for more thread options George Anthony wrote: > Were the nonbusiness energy efficiency improvements property credits that > expired January 1, 2008 part of the bill that just passed? (windows, doors, > insulation, furnace, etc.) > > > Thank you, > George L. Anthony > geoanthony@atlanticbb.net > Yes. HR 1424, Division B, Title I, Section 106. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by George Anthony on October 6, 2008, 2:48 pm Please log in for more thread options > George Anthony wrote: >> Were the nonbusiness energy efficiency improvements property credits that >> expired January 1, 2008 part of the bill that just passed? (windows, >> doors, insulation, furnace, etc.) >> >> >> Thank you, >> George L. Anthony >> geoanthony@atlanticbb.net >> > Yes. HR 1424, Division B, Title I, Section 106. I am quoting from http://tax.cchgroup.com/Legislation/2008-Emergency-Economic-Stabilization-Act.pdf "Congress also reinstated the Code Sec. 25C residential energy property credit for property placed in service in 2009. Eligible improvements include insulation materials, exterior windows, including skylights and exterior doors." I assume this means that these credits are not available for tax year 2008????? -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Alan on October 6, 2008, 3:32 pm Please log in for more thread options George Anthony wrote: >> George Anthony wrote: >>> Were the nonbusiness energy efficiency improvements property credits that >>> expired January 1, 2008 part of the bill that just passed? (windows, >>> doors, insulation, furnace, etc.) >>> >>> >>> Thank you, >>> George L. Anthony >>> geoanthony@atlanticbb.net >>> >> Yes. HR 1424, Division B, Title I, Section 106. > > I am quoting from > http://tax.cchgroup.com/Legislation/2008-Emergency-Economic-Stabilization-Act.pdf > > > "Congress also reinstated the Code Sec. 25C residential > > energy property credit for property placed in service in 2009. > > Eligible improvements include insulation materials, > > exterior windows, including skylights and exterior doors." > > I assume this means that these credits are not available for tax year > 2008????? > Whoops.. it was Section 302 of the bill that extended the credits you are referencing. SEC. 302. CREDIT FOR NONBUSINESS ENERGY PROPERTY. (a) EXTENSION OF CREDIT.—Section 25C(g) is amended by striking ‘‘placed in service after December 31,2007’’ and inserting ‘‘placed in service— ‘‘(1) after December 31, 2007, and before January 1, 2009, or ‘‘(2) after December 31, 2009.’’. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by tobe on November 14, 2008, 8:27 pm Please log in for more thread options George Anthony wrote: > Were the nonbusiness energy efficiency improvements property credits that > expired January 1, 2008 part of the bill that just passed? (windows, doors, > insulation, furnace, etc.) From www.energystar.gov "On October 3, 2008, President Bush signed into law the “Emergency Economic Stabilization Act of 2008.” This bill extended tax credits for energy efficient home improvements (windows, doors, roofs, insulation, HVAC, and non-solar water heaters). Tax credits for these residential products, which had expired at the end of 2007, will now be available for improvements made during 2009. However, improvements made during 2008 are not eligible for a tax credit." -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Energy Credits for 2006? August 6, 2007, 10:31 pm New nat gas furnace - energy credits? March 10, 2008, 9:22 pm home energy credits, etc. February 24, 2009, 3:21 pm Energy Efficient Tax Credits November 21, 2009, 10:18 am Energy Credit November 28, 2006, 1:03 am Energy Cedits March 17, 2008, 6:48 pm Energy Credit March 24, 2008, 5:26 pm Residential Energy Credit February 24, 2008, 7:58 pm Energy Star Home credit October 27, 2006, 10:55 pm Energy Improvements to Rental Property January 8, 2007, 9:39 pm