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House Tax Credits: What you should know

Take advantage with these 6 energy-efficient house improvements:

  1. HVAC system
  2. Roof (asphalt or metal)
  3. Windows
  4. Doors
  5. Insulation
  6. Hot Water Heater

These are credits (providing you with a larger refund or a deduction in the amount owed), and the limit is 10% or up to a $500 credit.


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Donations for Tax Deductions

Tips for Donations: Expect a 25 to 30% benefit for the value of what you are donating Goodwill has a “donation value estimator” where you

How To File Gift Taxes.

If you are gifting or receiving a gift, it is rarely ever taxable. Right now, there is a lifetime exclusion of $11 million per person