Cynthiad66
Expert Alumni

Deductions & credits

Yes.  The credit amount for Gas, Oil, Propane Water Heaters, including tankless units, is $300. That means if you installed a qualifying tankless water heater last year, you could get the credit on the return

 

he credit amount for Gas, Oil, Propane Water Heaters, including tankless units, is $300. That means if you installed a qualifying tankless water heater last year, you could get the credit on the return

[edited 2/12/21 | 11:43 pst]

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