The Nonbusiness energy property tax credit, in the United States, provides a nonrefundable personal tax credit for Federal income tax purposes, for making a home more energy efficient. (Unlike a deduction, which lowers taxable income, a tax credit reduces the actual tax paid, dollar-for-dollar.) This credit was added to the Internal Revenue Code by the Energy Policy Act of 2005.
Read more about Nonbusiness Energy Property Tax Credit: Credit, Eligibility, Limits, Termination of Credit
Famous quotes containing the words energy, property, tax and/or credit:
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