Consumers in the U.S. have been struggling with the idea of having renewable energy as their main source of power for homes and businesses. What we know is that solar power has soared in popularity in recent years. Business owners are also “going solar” in record numbers as they realize the cost savings of doing so. And thanks to the federal government’s passage of the Energy Policy Act of 2005, there is now a solar tax credit! The 2016 federal spending bill authorized a 5-year extension of the solar panel tax credit. This makes solar power more affordable for all Americans, and that includes business owners. What Is The Solar Tax Credit? Known as the Investment Tax Credit (ITC), the federal solar tax credit makes it possible for homeowners and business owners alike to deduct up to 30 percent of the costs of installing a solar energy system from your federal taxes. Think of this as a 30-percent discount on the cost of going solar! The ITC is in effect for residential and commercial systems.
Tax Tip Tuesday: Strategic Charitable Donations with PorterKinney CPA Firm in Richland, WA Want a larger tax refund? In today’s Tax Tip Tuesday 2-minute interview, CPA Walter Kinney talks about strategic charitable donation options. #TaxTipTuesday Consult with a local tax professional if you need additional help with deductions for your 2017 tax return. PorterKinney, PC 1100 Jadwin Ave, Suite #200 Richland, WA 99352 509-713-7300 firstname.lastname@example.org https://www.facebook.com/PorterKinneyPC
CPA Chris Porter talks about commonly missed deductions for homeowners. Click Picture to watch video!
Tax Tip Tuesday: Strategies for Capital Gains and Losses from Investments with PorterKinney CPA Firm in Richland, WA This week we discuss tax tips for investors. Your local accountant or tax professional will help guide you on how best to save on taxes when selling investments. We discuss strategies for capital gain and losses and how best to use them to your advantage as an investor. Join us every Tuesday morning during tax season for tax tips and strategies on your personal and business tax preparations for 2016 tax returns. Walter Kinney from PorterKinney, Tri-Cities Premier CPA Firm in Richland, WA provides great tax tips! Consult with a local tax professional to see if you qualify for any 2016 tax credits. PorterKinney, PC 1100 Jadwin Ave, Suite #200 Richland, WA 99352 509-713-7300 email@example.com https://www.facebook.com/PorterKinneyPC
Disclaimer: While PorterKinney PC has made every attempt to ensure the accuracy of this document, it is not responsible for any errors or omissions, or for the results obtained from the use of the information in this presentation. This document been prepared for information purposes and general guidance only and does not constitute legal, accounting or other professional advice. Circular 230 Notice: The information included in this presentation is not intended or written to be used, and it cannot be used, by any taxpayer for the purpose of (1) avoiding tax-related penalties or (2) promoting, marketing, or recommending to another party any tax related matters.