turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do we receive any tax credits or rebates for replacing a gas cooktop with an induction cooktop?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

Do we receive any tax credits or rebates for replacing a gas cooktop with an induction cooktop?

No, those appliances are not eligible for a tax credit on a federal tax return.

Do we receive any tax credits or rebates for replacing a gas cooktop with an induction cooktop?

I recall the inflation reduction act had a section covering replacing a gas range with an induction range with the following credit:

  • Up to 80 percent of the median HHI in your area, you get up to 100 percent of the cost of the new appliance (or up to $840, whichever is less).
  • More than 80 percent but less than 150 percent of the HHI in your area, you get 50 percent of the cost of the new appliance.

It said to use IRS Form 5695, but there doesn't seem to be anywhere to apply for this rebate. Did this credit disappear? How can I get it?

RobertB4444
Employee Tax Expert

Do we receive any tax credits or rebates for replacing a gas cooktop with an induction cooktop?

That currently does not qualify for a credit on form 5695.  But your state may have a credit program for replacing a gas range with an induction range.

 

@inductioncredit 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question