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30% Tax Credit almost over.........almost.

Post in 'The Pellet Mill - Pellet and Multifuel Stoves' started by imacman, Dec 31, 2010.

  1. imacman

    imacman Guest

    Just a reminder that the 30% credit is over tomorrow (12/31/2010). You must have documentation that the stove was installed by then.

    However, I have heard that the "administration" in washington is considering another one, but will be limited to approx. $800.....that's all I know so far.

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  2. esuitt

    esuitt New Member

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    Loc:
    Delta, Pa (amish country) right on the Mason Dixon
    Guess we are screwed if we bought our stove used from previous owner.
  3. krooser

    krooser Minister of Fire

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    New only...
  4. livefreeordie

    livefreeordie Member

    Joined:
    Nov 21, 2010
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    Loc:
    Rochester, NH
    Between my new windows, exterior doors, insulation and stove i will be in good shape to get the max credit this year.
  5. Wi Thundercat

    Wi Thundercat Feeling the Heat

    Joined:
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    Loc:
    NW Wisconsin
    X2 on the max credit this year! :)
  6. 3jfk

    3jfk Member

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    Loc:
    Bloomsburg PA
    Hi imacman, I have just installed my own stove, and have all the receipts for the stove, vent and hearth materials. What other documentation do you need? I have a letter from my home owners insurance (Erie) stating the date of installation and completed to code. Plus tax credit certificate from Hearth & Home Technologies. Is anything else required? Thanks, Jon
  7. jlove1974

    jlove1974 Member

    Joined:
    Dec 8, 2010
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    Loc:
    Piedmont of NC
    yep no more free government cheese is what I hear. Guess I missed out on this AND the CARS deal. My conscience is clear at least my children won't be paying back my part of the bailout lol
  8. snoop832

    snoop832 New Member

    Joined:
    Nov 21, 2010
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    49
    Loc:
    Northern NJ
    I'm buying my second stove today.... ;O) Quadra-Fire Santa Fe All said and done it will cost me around 1000. after 30% credit for a new stove. You can't beat that!!!
  9. Fsappo

    Fsappo Minister of Fire

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    Apr 9, 2008
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    Central NY
    I heard that the revised tax credit will be along the lines of 10% up to $300. Then again, those idiots wont really know what the new program is until it actually passes. Its wait and see time. My phone rang off the hook yesterday with people trying to buy PSG furnaces for the tax credit. I explained that while I can fax or email them the invoice, the unit needs to be in service by the end of the year. That only stopped some of them from buying.
  10. SmokeyTheBear

    SmokeyTheBear Minister of Fire

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    Standish, ME
    You have to have it installed and operational prior to midnight today or no tax credit for you.
  11. gfreek

    gfreek Minister of Fire

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    Loc:
    Beautiful Attica/Varysburg,New York
    I was told to keep all your receipts, stove certification and file for the credit.
  12. snoop832

    snoop832 New Member

    Joined:
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    Loc:
    Northern NJ
    What do you mean?? That thing will be in my car this afternoon. Doing a self install.
  13. SmokeyTheBear

    SmokeyTheBear Minister of Fire

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    Exactly what I said ... you must have it installed and operational today by Midnight otherwise you don't qualify for the tax credit. The stove must be in service in 2010.
  14. snoop832

    snoop832 New Member

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    Loc:
    Northern NJ
    I guess what I can do is have the owner write on the receipt or installation form saying installed 12/31/10. That will do it!!
  15. SmokeyTheBear

    SmokeyTheBear Minister of Fire

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    Standish, ME
    I understand that of all of the three Ss the third is the most important ;-).
  16. Fsappo

    Fsappo Minister of Fire

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    I wouldnt buy a product from a dealer who would do such a thing..but thats just me.
  17. snoop832

    snoop832 New Member

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    Northern NJ
    Oh Boy!! You kidding!!
  18. Doocrew

    Doocrew Feeling the Heat

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    Southern NH
    By golly there is one honest, ethical person still out there! You have my respect sir..........
  19. save$

    save$ Minister of Fire

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    Loc:
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    I had H & R block do my taxes. I wrote up a summary of what I bought, how much I paid and when it was installed. Gave it to to the tax person, and that is what was used. They never looked at my receipts. (I did include place of purchase and invoice numbers) I have them should it go to an audit. My son insulated his roof. He took his receipts to his tax person, told him when he did the install, that was all he needed. For the do it yourself'ers, you'll only have your receipt and your word. Seems to work. It is what it is!
  20. Fsappo

    Fsappo Minister of Fire

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    Central NY
    Well, its not so much my own ethics, but a dealer who would do something like that may also be willing to break rules or cut corners when it came to servicing their customers. I'm no saint, thats for sure.
  21. imacman

    imacman Guest

    That should do it.
  22. DMZX

    DMZX Member

    Joined:
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    Loc:
    NE. Oregon
    Kept my receipts for the purchase and install. To bad I can't deduct the price of the pellets.

    I am going to need that tax credit this year. The last child joined the Army last January, so I lost a dependent.
  23. imacman

    imacman Guest

    Don't forget, EVERYTHING related to the stove and the install is included. Stove, pipe, floor protection, stove tools, surge protector, OAK, silicone and/or foil tape, install costs & materials, etc, etc.....everything except the pellets.
  24. Countryboymo

    Countryboymo Feeling the Heat

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    W Central MO
    They will probably re-instate it after the first of the year to attempt to make anyone thinking about buying to get off the fence.
  25. CATSCAN

    CATSCAN New Member

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    VA
    I hope so

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