Thursday, February 26, 2009

Q: Is this a refundable or non-refundable tax credit?

A: The residential energy efficiency credits are non-refundable tax credits which mean that they cannot bring a taxpayer's annual tax liability below zero. NOTE: this is not related to refund amounts when filing taxes. This tax credit is available to any taxpayer whose income generates more than $1,500 in taxes owed annually.

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