OmM1
Employee Finance Expert

Tax law changes

Hello jgleonard1

Thank you for your question.

Under the Inflation Reduction Act, individual states will choose how to use the funds available to states under the law.

The legislation does disqualify replacing an old electric range with a new model but as said earlier each state will define.

Please refer to article from consumer reports - What the Inflation Reduction Act Could Mean for Your Next Appliance Purchase as with any third party article, TurboTax cannot vouch for it's accuracy, so before making any decision, please review you state's program / guidelines by visiting Database of State Incentives for Renewables & Efficiency® 

The electrical panel upgrade credit is available from 2023 only.

Hope you find this helpful,

Thanks again for asking

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