Tax law changes

Hi,I submitted a question but it fell by the way side.  Not enough detail I assume.  I want to take advantage of some of the climate change reduction tax incentives.  Specifically, I have read that there is 840.00 for an electric stove ( I have gas now) and 2500.00 for electrical work for climate reduction work being done. ( I need  220 electric wiring put in for the electric stove).  Can I do this is 2022 or do I have to wait until 2023.  Pretty straight forward question.   I have read the url's posted already and they do not answer this specific question that I can tell. Thanks,Jean

I spent $21,000 on all new energy efficient windows on our house in October 2021.  I got basically nothing as far as a tax break on that.  Can I claim them this next go with the new tax breaks?

Hello I am waiting for a VW ID.4 EV that will be coming from Germany in January or so. I am under the impression that I will not get the $7,500 tax credit because it is not being made in the United States. They have started making this EV in the U.S. If I order a second one (made in U.S.) and trade in the first one for the second one that would be made in the U.S., would I possibly get the tax credit on the second one? The batteries components come from Russia and some other country I can't remember, but are made in the US.

if i buy a heat pump for a house owned by my brother which is my primary residence, can i get a rebate under the inflation reduction act? if so, whose income would it use, mine or my brothers? and what region would be used for the median income, the house or his primary residence? does it matter if i pay rent or live there for free?

the inflation reduction act includes rebate provisions that are based on income.  how will that income be determined? e.g. for a heat pump installed in 2023, will it be my 2023 income that matters or my 2022 income?

What are the income thresholds for each of the energy efficiency upgrades (solar, heat pump, solar water heater, battery backup)? Do you get any benefits if you are above the income thresholds? Can someone else in your household that is not an owner pay for and claim the credits? Do all car dealers allow the rebates to be taken upfront (if the buyer can't efficiently take the rebate)? When will each rebate start being available (solar, heat pump, solar water heater, battery backup)?

in order to get a rebate or tax credit under the inflation reduction act, do i have to live in the house for the entire year? do i have to continue living there until i file taxes the following year?  e.g. if i move into a house on december 1st, install a heat pump on december 15th then move out on december 30th, would i qualify?  what if i moved in during december of 2022, installed the heat pump in june of 2023, then moved out in february of 2024?

Under the new laws do E-85 cars and trucks qualify for a tax credit?  

Suppose I and my adult child or grandchild own a house together as joint tenants,upon my passing,  does the child/grandchild have to pay inheritance tax if theysell the house? I won't need to pay Estate tax because of the high limit. Any step up or cost basis adjustment if the surviving tenant holds on to the house?Thanks

My AGI was $236k in 2021, and estimated to be between $250-300k for 2022, married filing jointly. Which is more advantageous-using a DCFSA for the maximum amount of $5,000, or using the child and dependent care credit? Or, can you do both and get the credit on expenses paid above the $5,000 DCFSA amount? I'm very confused about the differences between these two, qualifying for them, phaseout limits, and what is best for my income level.

1. Has anything changed for 2022 regarding Qualified Business Income deduction or SEP-IRA contributions?2. If you don't itemize, can you still deduct a limited amount (e.g. $300) for cash contributions?

I filed both my 2020 & 2021 income tax returns with Turbo Tax Online.  I used the Deluxe version.  I received an email for both years saying the Federal & State were accepted.  Towards the bottom of the email, it said that if I wanted a copy of the return for my records that it would be best if I printed or downloaded it by mid October of that year.  Does Turbo Tax hold a copy for 7 years online or will it delete them before then?  I can still pull up the 2020 return online, but it is 156 pages so I do not want to print or download it.  I also feel more secure having it online only.  What is your answer?

I am a US resident alien, and I own a foreign bank account. I read in an earlier post that A transfer of funds from your personal bank account to your personal bank account is Not income. In other words, if I transfer $20,000 to my account, it won't be my income. Is that right? So can I put some of that money into my IRA account?

Can I rollover 401K assets to two or more different IRAs (some are ROTH and some are traditional)within the same tax year?Thanks.

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Will I have to pay a tax penalty if I rollover my 401k to a Roth IRA? If so, what is the penalty?

Tax experts need your assistance please!I had to sell back non qualified stock options to my previous employer when i left the company for $1100. They sent me a form 1099-NEC with that same amount.   I originally purchased the options for $1000.  I figure my cost basis to be at $1000 but cannot find where I can enter this information. Any advice would be greatly appreciated! 

any new tax laws (either in discussion or passed for 2022) in the following areas- buying and selling real estate (land, lots, houses) in 2022 and beyond- inheriting real estate property from a parent or a grand parent- taking over real estate property held as joint tenants with a parent Thanks

How can I take advantage of the Clean Energy Credit? Do we qualify for a credit if we have solar through a solar farm cooperative?

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For 2022 tax year, is there a minimum income level above which a tax return must be filed?For adults who are independent wage earners and for those who are claimable as dependents of theirhousehold whole year. 

My daughter recently started a job on a cash/check payment method. She is single and I still claim her as a dependent. How much should she be putting back from each check to pay her taxes when filing?

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HI,Is there a limit in the number of ROTH IRA conversions per year?And if the number depends on income level?Does it count as two conversions if there is a 401K to ROTH IRA conversion anda traditional IRA to ROTH IRA conversion in the same tax year? Thanks

We filed on 2/19 accepted on 2/20 received 504.96 on3/23 still waiting for 1600.00 what the hell