Tag: Federal Tax Credit

Tax Deadline Delayed 2020

Tax Filing and Payment Deadline Extended to May 17, 202

Tax Filing and Payment Deadline Extended The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from 04/15/2021, to 05/17/2021. The IRS will be providing formal guidance in the coming days. “This continues to be a tough…
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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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