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Tag Archives: residential tax credits

Understanding the Tax Implications of Rental Vacation Property by Angie Adames, CPA

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Posted on January 15, 2026 by Angie Adames

Countless benefits can come from owning vacation property that taxpayers use personally for part of the year and rent to others. However, renting residential property, whether a house, apartment, room or boat, has numerous tax implications that property owners must plan for to maximize profits and minimize tax liabilities. Rental income from a personal residence […]

Expanded Tax Credits Help Offset the Costs of Energy-Efficient Home Improvements by Rachel Kenney Rego, CPA

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Posted on June 08, 2023 by Rachel Kenney Rego

Upgrading your home’s energy efficiency can not only help the environment and reduce your electric bills, but it can also provide you with valuable tax credits to cover a portion of qualifying improvement expenses beginning in 2023. Energy Efficient Home Improvement Credits  Under the Inflation Reduction Act signed into law in 2022, homeowners may earn […]