DawnC
Employee Tax Expert

Deductions & credits

Here is the current IRS guidance on the energy efficient home improvement credit:

 

These expenses may qualify if they meet requirements detailed on energy.gov:

  • Exterior doors, windows, skylights and insulation materials
  • Central air conditioners, water heaters, furnaces, boilers and heat pumps
  • Biomass stoves and boilers
  • Home energy audits

The amount of the credit you can take is a percentage of the total improvement expenses in the year of installation:

  • 2022: 30%, up to a lifetime maximum of $500
  • 2023 through 2032: 30%, up to a maximum of $1,200 (heat pumps, biomass stoves and boilers have a separate annual credit limit of $2,000), no lifetime limit

Get details on the Energy Efficient Home Improvement Credit.    @kristinelise57 

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