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Tax law changes
This is not supported under Home Energy Credits and it is not in forms to be administered, TT lists "Certain electric heat pump water heaters, electric heat pumps" on the header page for Energy Saving Home Improvements however does not provide a place within the click throughs to take advantage of electric heat pumps - the credit I am looking for should be 30% of total cost (materials & labor) not to exceed $2,000. Can you please advise when this will be added?
25C(b)(5)Heat Pump and Heat Pump Water Heaters; Biomass Stoves and Boilers
Notwithstanding paragraphs (1) and (2), the credit allowed under this section by reason of subsection (a)(2) with respect to any taxpayer for any taxable year shall not, in the aggregate, exceed $2,000 with respect to amounts paid or incurred for property described in clauses (i) and (ii) of subsection (d)(2)(A) and in subsection (d)(2)(B).