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Deductions & credits
Same thing in the 2023 Windows Desktop Premier (I haven't loaded 2024 yet, but I doubt they changed that text)
Copy-Paste of the pop-up of the "Learn More" guidance, reads:
"Residential Clean Energy Credit The residential clean energy property credit, equals the lessor of $1,200 or 30 percent of what a homeowner spends on qualifying property such as the following:
- Solar electric systems
- Solar hot water heaters
- Geothermal heat pumps
- Wind turbines
- Battery storage technology
- Fuel cell property
Generally, labor costs are included when calculating this credit."
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎December 20, 2024
6:56 AM