The federal solar tax credit for the purchase and installation costs of residential solar-power systems is back! The Inflation Reduction Act signed into law by President Biden on August 16, 2022 provides new guidelines as well. This includes allowing batteries to also qualify for the credit. What is the Solar Tax Credit? The solar tax …
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Great News, Child Care Tax Credit Extended For 2021
If you haven’t heard, the Child Care Tax Credit was extended through 2021. Great news if you are paying childcare expenses that enable you to work. As part of President Biden’s American Rescue Plan Act (ARPA) signed into law on March 11, 2021, the child and dependent care tax credit has been substantially increased. Details …
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