Will I Get Audited?

[AdviceFreeUser]

I nixed the rocks for my evening scotch. That must have saved some kwh on ice cubes.

Tide Cold Water is an Energy efficient item.

 

[ShyCat]

Tide Cold Water is an Energy efficient item.

But it's clearly not one of the eligible items listed nor is it a component installed in your main home (another pesky requirement that you neglected to understand). Back to the IRS article you referenced in Post #4, it clearly states

Credits for Individuals Who Make Their Homes More Energy Efficient

A recent tax law change provides a tax credit to improve the energy efficiency of existing homes. The law provides a 10 percent credit for buying qualified energy efficiency improvements. To qualify, a component must meet or exceed the criteria established by the 2000 International Energy Conservation Code (including supplements) and must be installed in the taxpayer’s main home in the United States.

The following items are eligible:

* Insulation systems that reduce heat loss/gain
* Exterior windows (including skylights)
* Exterior doors Metal roofs (meeting applicable Energy Star requirements).

In addition, the law provides a credit for costs relating to residential energy property expenses. To qualify as residential energy property, the property must meet certification requirements prescribed by the Secretary of the Treasury and must be installed in the taxpayer’s main home in the United States.

The following items are eligible:

* $50 for each advanced main air circulating fan
* $150 for each qualified natural gas, propane, or oil furnace or hot water boiler
* $300 for each item of qualified energy efficient property.
The maximum credit for all taxable years is $500 – no more than $200 of the credit can be attributable to expenses for windows.

Additionally, the new law makes a credit available to those who add qualified solar panels, solar water heating equipment, or a fuel cell power plant to their homes in the United States. In general, a qualified fuel cell power plant converts a fuel into electricity using electrochemical means, has an electricity –only generation efficiency of more than 30 percent and generates at least 0.5 kilowatts of electricity. Taxpayers are allowed one credit equal to 30 percent of the qualified investment in a solar panel up to a maximum credit of $2,000, and another equivalent credit for investing in a solar water heating system. No part of either system can be used to heat a pool or hot tub.

Additionally, taxpayers are also allowed a 30 percent tax credit for the purchase of qualified fuel cell power plants. The credit may not exceed $500 for each .5 kilowatt of capacity.

These items must be placed in service after Dec. 31, 2005 and before Jan. 1, 2008.

No where in there does it say anything about laundry detergent.

 

[Proserpina]

Oooh...

Much better than granny's old still in the backyard.

I do what I can

 

[ecmst12]

OP, you have a serious problem with reading comprehension. How many times does something have to be explained to you for you to get it?

NO, Tide Cold Water is NOT an energy efficient product according to the law. It's not even an energy efficient product according to common sense or logic. Washing your clothes in cold water is an energy efficient habit, but you can do it with any soap, just as you can use TCW in any temperature water. There is nothing energy saving about the soap itself.

Also, this product just came out this year. So I'm calling BS on the whole post. Either it never happened, or your planning on pulling this stunt THIS year when you file your taxes. In which case....don't be a moron.

 

[Proserpina]

And I suggest that everyone who has responded take a look into not only the OP's past posting history, but that of TotalWreck123's posting history.

There are some startling similarities.

 

[anteater]

No where in there does it say anything about laundry detergent.

How about my thermal undies?

 

[Proserpina]

How about my thermal undies?

They're quite safe.

Promise.