There are two different tax credits offered for homeowners who make energy efficient improvements. Credits directly reduce the amount of tax owed and will, therefore, save money. This article provides energy tax credit guidance for MA property …
Tips On MA Home Casualty Loss Tax Deductions
The Internal Revenue Service (IRS) offers a tax deduction for home casualty losses. This is an itemized deduction, so applicability depends on the personal finances of a taxpayer. Deductions decrease taxable income and the amount of tax due, and can …