Whats the difference between a tax credit and tax deduction?
Tax deductions reduce tax payers overall taxable income with the value of the deduction dependent on the payers tax bracket. Tax credits on the other hand reduce the amount of tax a taxpayer owes dollar for dollar. Tax credits are more economically powerful than deductions. CZ 1 Represents Miami. From Architectural Energy Corporation, Worst Case Orientation, RESNET 2006 Conference. “Can It Be Done?” – How to Meet the 50% Threshold for the New Federal Energy Efficient Homes Tax Credit Philip Fairey, Florida Solar Energy Center Dave Roberts, Architectural Energy Corporation In 2005 Congress enacted a national energy policy act that provided for tax credits to builders for homes that exceed the 2004 Supplement of the International Energy Conservation Code by 50%. This far exceeds the ENERGY STAR for Homes performance requirements for site built homes. Is it possible for builders to meet this target cost-effectively? These two articles present analysis of what it would take to meet the thr
