Gaiser’s Monthly UPDATE
JANUARY 2016
445 Dolley Madison Rd | Suite 208 | Greensboro, NC 27410 | 336.285.0829
Quote of the Month: “Solar power is the last energy resource that isn’t owned; nobody taxes the sun – yet.” - Bonnie Raitt
Quick Tip: DSIRE is a comprehensive source of information on local, state, federal, and utility incentives and policies that support renewable energy and energy efficiency. Source: DSIREusa.org, 2015
NEW Radio Show info: Better Living with Bryan Gaiser NOW airs every Saturday morning from 8:00am - 9:00am on 94.5 WPTI. Remember, if you miss a show you can always listen to a previously recorded show by visiting our website at www.gaiserfinancial.com
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Get Paid for Going Green Americans spent an annualized $142.7 billion on home improvements in the first quarter of 2015—which represents a 6.5% increase over the first quarter of 2014.¹ Those looking into environmentally minded home modifications may get a boost from Uncle Sam’s tax incentives. Here’s how: 2 Continued on back
JANUARY 2016
The Energy Property Tax Credit Tax credits for Energy-Star-rated home additions expired at the end of 2013. This means these types of improvements may be eligible for a 10% tax credit up to $500, excluding installation costs. This is a lifetime limit however, so if you have taken the credit in the past, your savings may be reduced.³ As for what qualifies, improvements must be to your primary residence and they must be found on the “Federal Tax Credits for Consumer Energy Efficiency” list. The list includes additions under the categories of biomass stoves, heating, ventilating, air conditioning, insulation, roofs, water heaters, windows, and doors. Alternative Energy Improvements But what if you want to be even more environmentally friendly? If you install an alternative energy source for your home, such as a geothermal heat pump, a small wind turbine, or a solar-powered energy system, you may be eligible for a rebate of up to 30% on the price. That means you potentially can get a third of your money back. And unlike other tax incentives, this one applies to both principal residences and second homes.4
Better Living with Bryan Gaiser
NEW TIME! Listen every Saturday from 8am-9am
NEW TIME SLOT! Starting Saturday, January 9th 2016 we will air in our new time slot of 8:00am – 9:00am on the same great Piedmont’s Talk Station 94.5 WPTI.
Go Green with this Newsletter!
Gadget Giveaway Installations aren’t the only way to make tax-friendly improvements to your home. What about the tax benefits of clearing some techno-clutter?
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When you donate your used electronics, you potentially can deduct the fair market value of each piece, which you determine. (To get an idea of fair market value, you can consider looking at what similar items are selling for at various online auctioneers.) Donating old electronics can help you save space, not to mention helping someone in need.
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More and more homeowners are looking into the benefits of energy-saving home improvements. If you opt to “go green” this year, don’t forget to consider what tax breaks may be available. Tax laws are constantly changing, so before committing to an improvement project, consult legal or tax professionals for specific information regarding your individual situation. Also, the information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. 1) Joint Center for Housing Studies, 2015 2) The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. 3,4) Energystar.gov, 2015
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG, LLC, is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2015 FMG Suite. Investment Advisory Representative of Retirement Wealth Advisors Inc. (RWA), 89 Ionia Ave NW Suite 600, Grand Rapids, MI 49503 (800) 9032562. Investment Advisory Services are offered through RWA. Stoneridge Insurance Services, LLC dba Gaiser Financial Group and RWA are not affiliated.