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Energy Efficient Appliance Tax Credit Info Now Available to Manufacturers by John Doe






Article Author Biography
Energy Efficient Appliance Tax Credit Info Now Available to Manufacturers by
Article Posted: 11/19/2016
Article Views: 515
Articles Written: 10105
Word Count: 325
Article Votes: 0
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Energy Efficient Appliance Tax Credit Info Now Available to Manufacturers


 
Business Opportunities
Roundandbrownreview.info has unveiled insights into how manufacturers can save on their taxes by purchasing energy efficient appliances. There is an energy efficient appliance credit, modified and extended by the Tax Relief and Job Creation Act of 2010. The actual energy credit applies to certain types of dishwashers, refrigerators, and washing machines, built after December 31, 2010, and is claimed with the general business credit for each type of appliance, according to the author.

The article highlights the credit per unit produced, based on the energy efficiency of the individual unit. This credit applies to the type, its energy efficiency level, and how much water it uses. Several applicable amounts are listed, per each individual appliance. These numbers can be used to figure out what amounts to enter and how the figure is calculated.

First, credit amounts for dishwashers are listed, based on kilowatt hours and how many gallons the appliance uses per cycle. The same is done for washing machines, with modified energy factor and water consumption being the primary factors in the actual tax exemption amount. For refrigerators, credit totals are based on energy saved and how this percentage compares to the 2001 energy conservation standards.

In addition, the article quickly explains factors such as eligible production, limitations, and how a control group is defined. The author also offers insights into verification, carryback/carryforward rules, and the effective date. Readers can also learn more about claiming the tax credit, and the perks of using a free tax refund calculator

To learn more about the energy efficient appliance credit for manufacturers, go to http://roundandbrownreview.info/manufactures-energy-efficient-appliance-credit

About Frank Ellis

Frank Ellis is a Traverse City Tax Preparation Planner and published author. He has written tax and finance related articles for eight years and has published over 900 articles on leading financial websites.

Contact:
Frank Ellis
Round and Brown Review
Address: 945 East 8th Street Suite A, Traverse City, Michigan 49686
Website: www.roundandbrownreview.info

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