Tag: Benefit
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!
If you are moving due to Job relocation, you can deduct moving expenses.
In order to deduct moving expenses, your move must meet three requirements:
- The move must closely relate to the start of work
- Your move must meet the distance test
- You must meet the time test
After meeting these requirements, the #IRS has plenty of tips to show you what expenses are deductible.
For more information click here. Be sure to update your address with the IRS and Post Office.
A few of our clients have fallen victim to fraudulent phone calls received by scammers impersonating to be Tax Agents.
These callers are calling in attempt to steal your money. They will call with variations of IRS issues and even show up on the caller ID as the IRS. They will either claim that you’re due for a huge refund or you owe the IRS money. They threaten that legal actions are in place and demand immediate payment.
Don’t be fooled! If you receive a phone call, do NOT give out any information and hang up immediately. The IRS does not call, certified mail is the most common form of communication.
For more info, read what the IRS has to say below.
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