green lantern
12-08-2006, 05:29 PM
http://www.msnbc.msn.com/id/16010386/site/newsweek/
Dec. 11, 2006 issue - Before turning to your taxes this year, buy a pick, shovel and miner's lamp. You'll have to dig for the few tax-saving nuggets added to the code.
snip
For openers: Your personal exemptions—one for your-self and for each dependent—go to $3,300. The standard deduction rises to $5,150 for singles, $10,300 for couples filing jointly and $7,550 for heads of household. In general, you're a household head if you're single or legally separated with a young child at home.
A winner for greens: This year and next, you can cut your taxes and your energy bills at the same time. Install something—almost anything—that saves oil, gas or electricity in your home and you'll chop some dollars directly off your tax bill. Credits range from 30 percent of the cost of solar panels or fuel cells ($2,000 maximum credit for each) to 10 percent on insulation (max: $500). For what qualifies, see energytaxincentives.org. States offer incentives, too.
Dec. 11, 2006 issue - Before turning to your taxes this year, buy a pick, shovel and miner's lamp. You'll have to dig for the few tax-saving nuggets added to the code.
snip
For openers: Your personal exemptions—one for your-self and for each dependent—go to $3,300. The standard deduction rises to $5,150 for singles, $10,300 for couples filing jointly and $7,550 for heads of household. In general, you're a household head if you're single or legally separated with a young child at home.
A winner for greens: This year and next, you can cut your taxes and your energy bills at the same time. Install something—almost anything—that saves oil, gas or electricity in your home and you'll chop some dollars directly off your tax bill. Credits range from 30 percent of the cost of solar panels or fuel cells ($2,000 maximum credit for each) to 10 percent on insulation (max: $500). For what qualifies, see energytaxincentives.org. States offer incentives, too.