Mar 11 2009
Financial Advantages of Gay Marriage
Suze Orman’s Valentine’s Wish from February 2009 includes her thoughts on gay marriage and the disappointment of legislation in Florida and California against gay marriage.
Or visit YouTube link.
Archive for March, 2009
Mar 10 2009
Save Money on Your Taxes By Going Green
Suze Orman has a great post on how you can save money on your taxes, and help the environment at the same time. In her post on Going Green, Suze talks about IRS tax credits that you can claim when you upgrade your home and make it more energy efficient. Tax credits are better than tax deductions. A tax credit will reduce your taxes, dollar for dollar. A tax deduction reduces the amount of income you have subject to tax. So a $100 tax credit will save you $100 in taxes. A $100 tax deduction will save you $0-$39, depending on your tax bracket.
Energy tax credits are a win-win-win situation. You save money on your taxes, you save money on your energy bill, and you get to live in a more comfortable home!
You can claim up to $500 in tax credits for energy efficient improvements you make on your home. Here are some examples of the credit amounts you can claim. You can mix and match up to $500.
You can get a $300 tax credit for upgrading your heating and air conditioning system.
You can get a tax credit for 10% of the cost of new windows and doors. How about $300 for installing a new water heater?
To claim the residential energy tax credits file form 5695 with your 1040.
Look for my next post on what Suze Orman would want you to do with your tax refund!
Visit Kat’s Money, Debt and Taxes for more information on how to get out of debt and save money on your taxes.
