But it’s not just the jobless benefits that have seen an extension. The bill is also extending the first time home buyer tax credit along the lines negotiated at the end of last week. The $8,000 credit for first time home buyers will be extended until the end of April, and there is an expansion to provide $6,500 for current home owners who are looking to buy.

On top of both of these sought after measures, the bill includes tax cuts for businesses that are struggling. This should help some businesses stay afloat until more substantial recovery can be seen in the economy.

Post from: EveryJoe

Jobless Benefits and Home Credit Renewed

 Congress has decided not to extend the federal renewable energy production tax credit for 2009…

If you are a residence you qualify for a $2,000 tax credit when purchasing a solar energy or small scale wind power system. A commercial entity can qualify for 30% of the total cost of the system is refunded through a tax credit from the federal government…

To qualify for the federal tax credit your system has to be installed and active by December 31st, 2008. To get started the first step is to get a quote from a service provider in your area.

Remember, a solar paneled roof over the garage, or a small wind generator nearby, can be used to provide Clean Energy for a plug-in or electric car.  It’s unfortunate this credit is running out just as these technologies are beginning to take hold. You might even consider it something to write your representatives over. ;)

Post from: EveryJoe

U.S. Federal credit for solar/wind runs out in 2008