8 ms·
> Did you take into account the 30% federal tax credit on that 30k? If I understand the tax credit correctly, it's only available if you're paying that much in
by mathgeek 9y ago
> Did you take into account the 30% federal tax credit on that 30k?
If I understand the tax credit correctly, it's only available if you're paying that much in taxes otherwise. For a $60k roof, you have to already be paying $18k in taxes to take full advantage of the credit. That's an important detail for some.
- toomuchtodo 9y agoThe tax credit can be carried forward multiple years until your tax liability has exhausted the credit balance.