Archive for American Recovery and Reinvestment

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Energy Saving Steps This Year May Result in Tax Savings Next Year

Energy Saving Steps This Year May Result in Tax Savings Next Year

The recently enacted American Recovery and Reinvestment (ARRA) of 2009 contained a number of either new or expanded tax benefits on expenditures to reduce energy use or create new energy sources. The IRS encouraged individuals and businesses to explore whether they are eligible for any of the new energy tax provisions.