johnd84
Employee Tax Expert

Tax law changes

Thanks for your question.

It really depends on whether you want to claim the credit on your 2022 return or 2023. The credit exists up to 2033. https://blog.turbotax.intuit.com/health-care/inflation-reduction-act-of-2022-52555/ 

 

Do take a look at https://www.kiplinger.com/taxes/605069/inflation-reduction-act-tax-credits-energy-efficient-home-imp... as the credit could be lower in 2022 than in 2023 depending on the cost. Also check out https://whttps://www.energystar.gov/about/federal_tax_credits/non_business_energy_property_tax_credi... to make sure your heater qualifies. 

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