| Blusteryknollfarm - 3/23/2024 21:59 For example, I had a solar array installed this year. 30% of installed cost is a federal tax credit. I didn't use all of as my total tax bill after other credits was less than the solar credit amount. Next year I can claim the remaining portion as a credit and again roll the unused portion into the next year.
Carbon sequestration tax credits are refundable. Billion$ of them will be refunded.
Which makes a guy wonder why private installations of solar panels are not refundable. Actually I know the answer, it has to do with who the 45Q carbon tax credits were created and intended for. Here's a hint, they're not intended for the average Joe that's putting solar panels on his house.
|
Financial thought
