ThomasM125
Expert Alumni

Deductions & credits

The non-business energy property credit is capped at $500 and that is for all years, not just the current year. So, if you took a credit of $500 in previous years, you will get no additional credit in 2021.

 

Also, not all energy-efficient improvements qualify for the credit. You need to have been provided a manufacturer's tax credit certification statement for your cooling system to qualify for an energy credit.

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