Tag: 1040 (page 1 of 3)
If you installed a solar panel system or another type of renewable energy system during 2023 to your home, you may be eligible for a tax credit which would be equal to around 30% of the total cost of installation.
If you purchased a new qualified plug-in electric vehicle that is less than 4,000 pounds and has a battery of at least 4 kilowatt-hours, you may be eligible for a tax credit up to $7,500 per vehicle!
The IRS has announced the contribution limit for employees who participate in a 401K, 403B and most 457 plans has increased to $23,000 for the tax year 2024 (up from $22,500 for 2023).
The catch-up contribution limit for employees aged 50 and over who participate in these plans will remain at $7,500 for 2024.
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