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Want to play a "find the mistake" game?


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Okay, help me out here. . . she states that "you can claim a credit and get back up to 30% of the cost of the improvement" and she shows a possible credit of $10,000

BUT

she then goes on the say that although this credit is more generous than before there is a "cap of $1500 on the credit for 2009 and 2010 combined"

SO

the most you will get back is $1500. PERIOD!!!

 

Why do they show a 30% credit of $10,000?? If the most you would be able to get is $1500???

 

Seems downright deceptive to me.

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Was the mistake that they show $10,000 as being 30 percent of $30,000? 'Cause I think 30 percent of $30,000 would be $9,000, not $10,000.

 

Ding ding ding!

 

I don't have great confidence in the software I just downloaded. :001_huh:

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Okay, help me out here. . . she states that "you can claim a credit and get back up to 30% of the cost of the improvement" and she shows a possible credit of $10,000

BUT

she then goes on the say that although this credit is more generous than before there is a "cap of $1500 on the credit for 2009 and 2010 combined"

SO

the most you will get back is $1500. PERIOD!!!

 

Why do they show a 30% credit of $10,000?? If the most you would be able to get is $1500???

 

Seems downright deceptive to me.

 

Usually you can roll the credit over to another year until you get the entire amount. But I don't know the details on this specific instance.

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Okay, help me out here. . . she states that "you can claim a credit and get back up to 30% of the cost of the improvement" and she shows a possible credit of $10,000

BUT

she then goes on the say that although this credit is more generous than before there is a "cap of $1500 on the credit for 2009 and 2010 combined"

SO

the most you will get back is $1500. PERIOD!!!

 

Why do they show a 30% credit of $10,000?? If the most you would be able to get is $1500???

 

Seems downright deceptive to me.

 

Yeah - that was the second :001_huh: in the video.

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