Planned Solutions

Energy Efficient Tax Credits, US Stock Market Hits High, Health Savings Accounts Limits Increase

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Sinopse

In this episode of the Planned Solutions Incorporated Podcast, The federal tax code offers several tax credits for the purchase and/or installation of energy-efficient property. These credits generally fall into three categories: Residential Clean Energy Credits (credits for clean energy generation), Clean Energy and Vehicle Credits (credits for buying electric or fuel cell vehicles), and Energy Efficient Home Improvement Credits (credits for improving the energy efficiency of home heating or cooling). Also, The S&P 500 has rallied recently and is now at a new high for the year. The index needs to increase less than 5% to reach a new all-time high. However, several other market indexes have further to go to achieve a full recovery. Yet the overall market momentum has been positive causing some to speculate that a full market recovery may be just around the corner. And, The amount that can be contributed to a Health Savings Account will increase in 2024. To contribute to a Health Savings Account an individu