Hi guys, Welcome to the Advanced Video Search Engine, and you are watching IRS Form 5695 - Solar Electric Tax Credits for Solar Panel Systems. That video is uploaded by Jason D. Knott at 2023-03-03T04:04:15-08:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [i6GP7b7zeu8]
| Name | IRS Form 5695 - Solar Electric Tax Credits for Solar Panel Systems |
| Video Uploader | Video From Jason D. Knott |
| Upload Date | This Video Uploaded At 03-03-2023 12:04:15 |
| Video Discription | For more energy efficient tax credits, see our playlist: https://www.youtube.com/playlist?list=PLTdpzKOWNutTFgk2mRvaIhEh64-16Hl1H The residential energy credit is available to taxpayers who make certain types of improvements to their principal residence or a second home. The credits consist of a Residential Clean Energy Credit (IRC Section 25D) or the Energy Efficient Home Improvement Credit (IRC Section 25C). In this video, I address the Solar Electric Property Tax Credit under IRC Section 25D(a)(1). The credit is available to taxpayers who install qualified property in their principal residence or second home. For 2022, the credit amount is 30% of the qualified costs (years 2022 through 2032). The credit percentage drops to 26% for 2033, and then 22% for the years 2033 through 2034. The credit is a nonrefundable tax credit, meaning the taxpayer can use the credit to offset their tax liability to the extent they have tax, and any remaining amounts are carried forward to future tax years. For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #Form5695 #EnergyTaxCredits #TaxCredits #InflationReductionAct i6GP7b7zeu8 |
| Category | Education |
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