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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
‎February 1, 2021
12:45 PM