KathrynG3
Expert Alumni

Deductions & credits

The home energy credits have been reduced over the years and there are limits within each category, as well. The Nonbusiness Energy Property Tax Credit furnace category maximum is $150 even though the maximum deductible is $500 for all categories and all years since 2006.

 

For more details, see Energy Tax Credit: Which Home Improvements Qualify?

2020 IRS Form 5695 Residential Property Tax Instructions, page 2