Happy Earth Day!
Earth Day started in 1970 and one of the co-founders was Gaylord Nelson, who served as a senator from and governor of Wisconsin. He was also an alum of San Jose State University.
How about some individual tax credits to help reduce fossil fuel use? The Inflation Reduction Act of 2022 added a used clean vehicle tax credit and modified credits for new clean vehicles and residential improvements. See this 8/21/22 post for some information on the IRA and track changes to IRC Sections 25C, 25D, 25E, and 30D to learn more about these changes.
A helpful item I'll share here are some IRS publications on these credits that are difficult to find (they are not listed at the main IRS websites for each of these credits, which I have linked below).
Section 25C, Energy Efficient Home Improvement Credit AND Section 25D, Residential Clean Energy - Publication 5797. This has a brief summary of each credit and a QR code to get more information. Also see main IRS website on these credits.
Section 30D, Clean Vehicle Credit - Publication 5866, which is a helpful checklist of qualifications.
Section 25E, Previously-Owned Clean Vehicles - Publication 5866-A, also a helpful checklist of qualifications.
Also see the main IRS website on clean vehicle credits (new and used).
And a publication on each of the energy credits for individuals - Publication 5886-A.
Finally, an Earth Day reminder from the Social Security Administration - Opt Out of Paper Notices.
What tax suggestions do you have for Earth Day (or any day as we need to care about the Earth every day)?
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