2007-01-31 22:09:17 · 3 answers · asked by zemoman 1 in Business & Finance ➔ Taxes ➔ United States
your talking about energy credit for homeowner? The residential energy credits 5695?
Ya I put installation in the wall and stuff. maxium is $500.00, problem is I did it 2005 too
the "intend" of the law states "the amount of expenditures for residential energy property paid or " INCURRED" by the taxpayer during the taxable year."
so no..............sign
2007-02-01 01:42:22 · answer #1 · answered by Kenshin 5 · 0⤊ 0⤋
No, you would have to use them in 2005. Payment by credit card is the same as paying by cash or check according to the IRS.
2007-01-31 22:34:01 · answer #2 · answered by waggy_33 6 · 0⤊ 1⤋
Home repairs are not deductible so it doesn't matter when or how they were paid for.
2007-01-31 22:44:34 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋