<big snip
" consumer tax software yet."

Probably because these credit do not exist for 2005. All
take effect 1/1/6

Regards,

Mark

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That monster energy bill had grants and credits for just
about everybody- consumers, small business, big business,
education, local government. Much of it hasnt made it to
the IRS regulations or consumer tax software yet.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

"James Bergmann" <> ...
- quote -

The law applies for tax years 2006 & 2007, Several other
energy savings improvements made to your home on or after
1/1/2006 might result in a credits to you.

At IRS.GOV The details are in work-up now due to recently
passed legislation, you can read some industry related
information here,
http://www.energytaxincentives.org/t...ome-shell.html

If I & Mrs. taxhog had known more about this we would have
put off ~our~ home renovation until this year, alas, we did
it last fall 2005, in reaction to the high energy cost we
anticipated heating our 60 year old cape. I'm feeling a bit
slighted, that our substantial investment will yield zero
tax credits, all because of poor timing.

I think a angry letter to Sen Ted & Sen John is in order.

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"James Bergmann" <jbergmann7[at]wi.rr.com> wrote:

- quote -

There are some new ones for 2006. There's a lenghthy
description in the 2006 1040-ES instructions.

--
Phil Marti
Clarksburg, MD

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"James Bergmann" <jbergmann7[at]wi.rr.com> wrote

- quote -

Not for 2005. That credit begins for expenses in 2006. Be
very careful what you do, as there seems to be specifics to
the types of energy saving improvements that count.

Also the actual tax credit will not be all that much.

You can catch up on it here:

http://www.energystar.gov/index.cfm?...pr_tax_credits

Just the highlights on windows: They must be exterior
windows that meet 2000 IECC and amendments. The maximum
credit is 10% of costs, not to exceed $200 total. So that
means that your window costs up to $2000 apply toward the
credit. Now, I'm often wrong, but $2k won't put new windows
on the whole house. You'd be lucky if it was sufficient to
cover one room.

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

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"James Bergmann" <jbergmann7[at]wi.rr.com> wrote:

- quote -

It's back effective 1/1/6. The limit is $500 credit
I believe.

Rgs,

Mark

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Moderator:
This submission was found in my "Burn-Before-Read" folder
which I now scan because of complaints that submissions are
not reaching me. I suspect it was there because my filter
scans for HTML garbage which is found in MIME submissions.
I would tell you my opinion of HTML and MIME, but the
moderator is averse to vulgarities and obscenities. As
precedent means absolutely nothing to me, I suggegt all
users refrain from HTML and MIME.

Does anyone know of a "credit" that is offered for buying
"energy = efficient windows" for your home.

I believe years ago there was such a credit! Is it still
available?

Thank you,

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >