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 Form it 252 Investment Tax Credit for the Financial Services 2022

It 252 2022-2024 Form

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Instructions and help about Form IT 252 Investment Tax Credit For The Financial Services

[Music] hey everyone welcome back to the channel I'm Anthony Sakaki from New York State solar farm and I'm joined by my colleague Rick era's area the sales manager at New York State solar farm thanks right hey thank you so a question that we get a lot is understanding the solar tax credits so I wanted to make a quick video on what is the 26% federal tax credit and how does it benefit you as a homeowner absolutely one of its the big in tax incentive for helping people pay for solar so in New York State there are three we're going to talk about the federal tax credit today the federal tax credit is 26% of the total cost of the solar project and the way tax credits work is all year long you're paying in federal income tax that money comes back to you in a dollar-for-dollar real credit that all the money that you paid in federal income taxes over the year comes back to you when you do your taxes for the year that your solar system is installed so if your if your tax credit is $8,000 as lo

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