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Cash in on These Personal Tax Credits and Lower Your Energy Bill Beginning January 1, 2006, individuals are eligible for two new federal tax credits when they purchase and install materials or property to make their homes more energy efficient?the Nonbusiness Energy Property Credit and the Residential Energy Efficient Property Credit.
New Formula for the Telephone Tax Refund Businesses and tax-exempt organizations can request a refund of the federal long-distance telephone excise taxes they paid during the 41-month period from March 2003 through July 2006.