Category: Tax Deductions

Solar Tax Credit

Do I Qualify for the Solar Tax Credit? – LNK Tax Group Santa Clarita Tax Accounting

Federal Tax Credit A federal tax credit for the purchase and installation costs of a residential solar system is fading away. After being 30% of the cost for several years through 2019, the credit amount drops to 26% in 2020 and then 22% in 2021, the final year of the credit. The solar tax credit…
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online pod cast streaming and taxes

Are the Donations I Receive from Online Streaming Taxable?

Did you know that if you are a US citizen and you are earning any income from streaming you might be on the responsible for paying taxes on the donations you receive? Despite their misleading name, donations are not tax free like the kinds of donations you give to a charity. They are taxable income!…
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