I live and breath personal finance news – yet it took some deep digging on the IRS website to discover that a number of significant tax breaks (officially referred to as “tax extenders”) were retroactively restored for 2018 and renewed for 2019 and 2020 as part of the Further Consolidated Appropriations Act 2020 (H.R. 1865) that was signed by Congress in December. Surprise! This includes the popular residential property Energy Tax Credits for non-business energy-efficient home projects (e.g. energy efficient window, door, insulation, air conditioning, or other upgrades), the...
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[Read the rest of the story at 20somethingfinance.com]