Green Tax Benefits

October 01, 2007 at 04:00 AM
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There are several bills in Congress in various stages of debate. A few environmentally aware highlights that may affect your clients' plans include:

  • Smaller or revoked tax credit for hybrid cars unless Congress acts soon
  • Change to alternative minimum tax rules to allow hybrid credits to offset AMT (currently they don't)
  • Larger and extended tax credits for solar heating and hot water systems
  • Energy economy standards for home appliances