Question & Answers
Which washer/dryer will qualify for an energy-efficient tax credit?
0 Votes
4996 Views
Follow
9 Followers
9 Followers
0 Votes
Although a federal tax credit is not available for buyers of energy-efficient washing machines/dryers, the producers of these appliance are eligible for tax credit in some cases. For example, Energy Star qualified dishwashers as well as Energy Star qualified washing machines can be eligible for the same.
While it is true that end-user may not derive direct benefit arising out of this policy, they can obtain the appliances at a reduced price by dealing directly with the manufacturer.
While it is true that end-user may not derive direct benefit arising out of this policy, they can obtain the appliances at a reduced price by dealing directly with the manufacturer.
0 Votes
There are different washers and dryers in the market that can qualify for an energy efficient tax credit.
Front-loading washing machines and top-loading washing are top rated and recommended washing machines that can extract more water from each load, shortening drying time. That saves energy and money. The higher the capacity, the fewer loads you will need to do.
Front-loading washing machines and top-loading washing are top rated and recommended washing machines that can extract more water from each load, shortening drying time. That saves energy and money. The higher the capacity, the fewer loads you will need to do.
0 Votes
There are many Energy Star products on the market but many of them do not qualify for the federal tax credit. They will cut your energy bill, but they do not qualify for the energy-efficient tax credit. Unfortunately washers and dryers are not eligible for this tax credit. Refrigerators, ovens, ceiling fans, room air conditioners and light fixtures do not qualify either.
Exterior window (including skylights), exterior doors and/or water heaters DO qualify for energy-efficient tax credits.
Exterior window (including skylights), exterior doors and/or water heaters DO qualify for energy-efficient tax credits.
Related Questions...
- I am doing freelancing for two different companies and I have several questions. I deliver for them digital files, such as research, PowerPoints or excel files. Do I need to add sales tax to the invoices? When and how do I file taxes? I have never worked before in California and just started working in October last year.
- Is a credit card statement considered a viable replacement of a receipt for income tax documentation of expenses or are credit card slips still required?
- I am a Nonresident Alien and I live in Ensenada Baja California Mexico. I’m about to buy many electronics. Total value would be around $12,000 for my personal use. I am building my own house and I want to buy from SEARS in Chula Vista, California, but I don’t want to pay double tax (in the US and Mexico) since I am going to import the merchandise to Mexico. Is there any way to avoid the payment of taxes in Chula Vista?
- Is commission rebate from the buyer's Realtor to the buyer a taxable income? Transaction was done outside of the escrow and 1099-Misc (Box 7) was issued to the buyer following January. 1) is this taxable income for the buyer and 2) if so, is he responsible for SE taxes as well?
- What is Recovery Rebate Credit?
