Today Guest Blogger MP Dunleavey from DailyWorth.com fills you in on the tax bonuses of going green;
Wouldn’t it be wonderful if you could get a tax break for living a greener life?
As yet, there’s no tax credit for composting, buying organic apples, or using CFL lightbulbs. (Darn, those things are expensive!). But some eco-friendly upgrades can yield big rebates on your 2009 return.
Remember, a tax credit is a sweet deal:
It reduces your tax bill, dollar for dollar (i.e. a $2,000 credit knocks down the amount you owe by… $2,000).
IRS Warning: Of course, you need to double-check that the products you bought qualify under IRS rules.
Read my piece in The New York Times: Don’t Overlook the Rewards for Thinking Green for more tips and tricks.
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