Tax Credit

[PapaDave]

"Tax Credit:
10% of cost up to $500 or a specific amount from $50–$300"
I know this has been beat to death, but I'm evidently a bit slow.
Does this mean 10% of 5000 would give you a $500 credit, or alternatively, you can just take a specific amount up to 300? If the credit is only 10%, I don't think this will work.
I'm trying to figure out a way to get myself an E-30 before winter, and if I could take the 300 off next years taxes, and sell the Ashley, I might be able to swing it (I've been saving my pennies ).
I really dislike the idea of not taking advantage of a credit.
Flame suit on.

 

[BrotherBart]

For biomass stoves it is a specific amount. $300 if the stove costs more than $300.

 

[PapaDave]

Got it. I read that as well, but it seemed some of the other info I was reading was a little more vague and somewhat counter to that. Like I said, I can be a bit slow at times.
Now, how do I bribe the wife?

 

[teutonicking]

Got it. I read that as well, but it seemed some of the other info I was reading was a little more vague and somewhat counter to that. Like I said, I can be a bit slow at times.
Now, how do I bribe the wife?

Get the stove and put some earings inside it, then tell her that "you would not belive the gift box they gave me for your earings!"

 

[BrotherBart]

If you ain't figured that out by now, we sure can't tell ya.

 

[Huntindog1]

I punched all the data into turbotax and turbotax told me what I was getting and it was $300 two years ago. It asks you about installation costs too so I added in all the extra stuff I bought for installation of the wood stove. So its not just the stove its self.

 

[PapaDave]

If you ain't figured that out by now, we sure can't tell ya.

Bit of a facetious question.
She's not easily coerced......one of the many things I love about her........except now.

 

[BrotherBart]

I bet she wants that new stove as much as you do.

 

[Woody Stover]

Let her do all the CSS, then tell her how more free time she would have with a new stove.

Man, you are getting so close, I can taste it. This is going to be great!