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Deductions & credits
In the instructions for 5695, costs are treated as being paid when the original installation of the item is completed, or, in the case of costs connected with the reconstruction of your home, when your original use of the reconstructed home begins. Making payments and the signing of the contract in 2021 will not qualify you for this credit.
For 2022, the only energy credit that has been extended is a Renewable energy tax credit for energy improvements such as solar, wind, or geothermal.
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March 17, 2022
8:17 PM
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