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Home energy credits: Good for the environment and your wallet

If you make energy improvements to your home, tax credits are available for a portion of your qualifying expenses.

You can claim either the Energy Efficient Home Improvement Credit or the Residential Clean Energy Property Credit for the year when you make qualifying improvements.

Improvements to your primary residence offer opportunities to claim a credit. If you own a second home and use it as a residence, you may also be able to claim these credits. You cannot take credits for property you rent to others.

Right now the IRS is refunding SELF-EMPLOYED individuals up to $32,220 for TAX YEAR 2021 thru the Self-Employed Tax Credit (SETC).

All you need to qualify is the following criteria:

1. You were any of the following: self-employed, either a sole proprietor, 1099 contractor, freelancer, single member LLC, gig worker

2. NET POSITIVE earnings for your schedule C

3. You were affected by COVID or had to take care of someone with COVID.

Share with people who might need this. PM for details if I can help you.

Right now the IRS is refunding SELF-EMPLOYED individuals up to $32,220 for TAX YEARS 2020 and 2021 thru the Self-Employed Tax Credit (SETC).

Share with people who might need this. PM for details if I can help you.