Archive for July, 2011

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Welcome to the Alliance Tax Service blog. Our company provides in person and online tax preparation services for our clients. In addition, we offer payroll and bookkeeping services. Feel free to look through our posts and add your own comments as you see fit.

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2011 Residential Energy Credit

This credit is available for property placed in service in 2011, but with new limitations.

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American Opportunity Credit / Hope Credit

The maximum credit a taxpayer may claim for 2009 thru 2012 is $2,500 and is allowed for the first four years (used to be 2 years) of the student’s post-secondary education in a degree or certificate program. (Doesn’t have to be college, can be most Vocational Technical Schools or Cosmetology Schools.)

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