Tax credit for plug-in vehicles begins to phase down

If you purchased a plug-in electrical car in 2018, you may be eligible for a tax credit – but not for long. A federal tax credit of $7,500 was offered to purchasers of plug-in electric cars, but now that two car manufacturers – Tesla and GM – have sold more than 200,000 eligible vehicles in […]

Let the sun shine in on this tax credit

If you are considering upgrades to your home, you may want to consider installing renewable energy systems. They are not only more efficient, which will help you save on energy bills, but they could be worth a significant tax credit as well. The federal government is offering a 30-percent personal income tax credit – called […]