Tom O'Saben
π€ SpeakerAppearances Over Time
Podcast Appearances
That's really a good question.
And I'm going to start with something that people haven't been talking about, because I'm a tax practitioner, along with the tax content job.
I've been doing this for 35 years.
And one of the things we had was a great expansion in energy credits under the American Rescue Plan under President Biden.
Well, the one big, beautiful bill, as you just started describing, Sean, actually ends energy credits for most people now in 2025.
What we didn't expect, and we didn't see it at the National Association of Tax Professionals either, is that they've actually made it harder
for clients to claim an energy credit in 2025.
And so I wanted to give a couple of tidbits for the audience that I've run into, you know, meeting with my clients.
For example, if you've had a new exterior windows installed or a new exterior doors or a new furnace, they're actually requiring this year what's called a Qualified Manufacturer ID number, a QMID.
I've never seen that before in all of the years we've had energy credits.
And then they've gone one step further saying that if you're going to file your return electronically, which I hope everyone who's watching this, including yourselves who have filed, do that electronically and not by paper, we have to actually attach
a PDF of the receipt for the purchase of those items.
It seems kind of crazy in one respect when you think about this is the last year for energy credits, and they've made it even harder to go ahead and qualify for those credits.
And we love tax credits because they're a dollar-for-dollar reduction in tax.
So if I could, I'd like to give you a couple of sources that I've run across, and I'd like to thank social media for helping provide those.
And one of them is called Quit...
carbon.com.
And the other one is called Rebate Blue slash QMID.
That's like Queen Mary Ida David.
Those are a couple of sources where you can put in like the brand name, let's say Train, T-R-A-N-E.