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Deductions & credits
No, in general, a home generator does not qualify as a tax deduction or as a home energy credit improvement.
However, if you are either renting a part of your home or you have a qualified home office, then the cost of the home generator could be included as a 'whole home' expense or a 'whole home' asset to be depreciated.
Also, the generator may qualify as a medical expense if it is required to run medical equipment deemed necessary by a doctor.
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March 2, 2024
12:03 PM