Hochstedler Energy Systems, Inc.: Thermostats

A thermostat is a temperature sensing device mounted inside your home or office to control your heating/cooling system. There are many types and brands of thermostats on the market today. The thermostat installed in your home or office must match the type and capabilities of your system.

	What's the difference between a tax credit and a tax deduction?
	A tax credit applies directly against the taxpayers' liability. A tax deduction applies against a taxpayers' income, lowering the adjusted gross income and possibly moving a taxpayer to a lower tax bracket.... [ read more ]

	What's the difference between Non-Refundable and Refundable Tax Credits?
	Most, but not all, tax credits are referred to as non-refundable credits. A non-refundable credit is a tax that can reduce your tax liability to zero, but not below. You must have tax liability on line... [ read more ]

	Can a homeowner claim $1500 in tax credits for improvements made in 2009, and then again claim tax credits for more improvements made in 2010?
	No, taxpayers are eligible for a total of $1500 in tax credits for improvements made over the combined two year period.

	Who do I contact if I have questions about the Federal tax credit?
	Please contact your accountant or tax professional. We are not responsible for the information provided. We are just passing along the information provided to us.