Hi,
The Inflation Reduction Act has a lot for you! This article does a great overview.
- The heat pump and windows and doors are both addressed in the Energy Efficient Home improvement section. There are limits, which is also discussed there.
- Check out the high-efficiency electric home rebate section of this article to address your appliance question.
- This previous response addresses your tankless water heater question and gives some great specifics. This article is also helpful
- Check out item 5 here re: the insulation
RE: Timing, while the revised credit is extended through 2032, be aware of this:
For eligible home improvements after 2024, no credit will be allowed unless the manufacturer of any purchased item creates a product identification number for the item, and the person claiming the credit includes the number on his or her tax return.
Re: Records, this TurboTax article helps you understand what you need to keep for receipts and for how long for home improvement items.
Please cheer below if you find this helpful.
Best,
Karen
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