@brownie20 wrote:
And thank you for confirming my understanding that two of us living in the home as a primary residence should be able to separately claim the credit on our returns. Sadly the shades will be way over the $8K limit even without taxes so the $1200 credit apiece will not be difficult to achieve. We will likely try to order around $4K apiece (with taxes, no installation costs for these shades - each order on a separate invoice from the HD dealer in each of our names), and wait until January to order the remaining shades as this credit is annual and should run until 2032.
I should point out here that the credit is awarded when the product is installed, not when it is paid for. So if you were to order and pay for half the project in 2023 but they were not installed until 2024, you would claim the credit in 2024 only. Then, to claim another credit by delaying half the project, the second half could not be installed until 2025.
