Builders of energy efficient homes may qualify for a valuable tax credit Tax Tip 2024-56, June 6, 2024 — Eligible contractors who build new energy efficient homes or substantially reconstruct existing homes into qualified energy efficient homes may be eligible for a tax credit up to $5,000 per home. Hobby or business: What people need to know if they have a side hustle Tax Tip 2024-55, June 5, 2024 — Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Tax tip archive IRS tax tips from January 2011 forward.
