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Question by sgmillionaire: How does the Solar Water Heater Tax Credit work?
If someone doesn’t make enough to pay into the tax system, how will the 30% tax credit work? As a refund?
This question is based on something I overheard and you can always learn something new about the IRS and how various deductions work. The company was listing the amount on the spreadsheet as money you would save from the purchase price from the unit but that must be false in any scenario.
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