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State rebate (not a State grant) for installing solar panels. Taxable?
I received a State rebate (not a State grant) for installing solar panels. Is this taxable on Federal tax return? In Maryland they changed the name from "Clean Energy Grant Program" to the "Clean Energy Rebate Program." Is there a difference?
If it is taxable by the feds, I know it goes under other income and is subtracted from the AGI for the State taxes. That's how grants are treated.
Dan
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March 29, 2022
8:42 AM