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Deductions & credits
Glad i finally found this string and thanks DoninGA for your update. Was starting to get worried this wasn't going to be updated. I will be looking for the stated update to release on 1/10/2024. It currently only supported a $150 max credit for the one furnace i installed. I am looking to receive the $600 max. based on what i paid. Referencing the following TT and industry statement links below...
https://www.energystar.gov/about/federal_tax_credits/natural_gas_propane_oil_furnace
https://www.hvac.com/expert-advice/energy-tax-credits-2023-home-improvements/
Extract from TT follows...
Which home improvements qualify for the Energy Efficient Home Improvement Credit?
Beginning January 1, 2023, the credit becomes equal to the lesser of 30% of the sum of amounts paid for qualifying home improvements or the annual $1,200 credit limit. In addition the the aggregate $1,200 limit, annual dollar credit limits apply to specific items including:
- Home energy audits: $150
- Exterior doors: $250 per door (up to $500 per year)
- Exterior windows and skylights, central A/C units, electric panels and related equipment, natural gas, propane and oil water heaters, furnaces or hot water boilers: $600