I paid an advance on my energy efficient windows install in 2024 but they got installed in 2025 Jan. Do I show them for credit in 2024 tax filing? Or show them in 2025 filing with amount paid in 2024 included?
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According to the IRS instructions for claiming a Residential Energy Credit, the costs are treated as being paid when the original installation of the item is completed. So even though a portion was paid in 2024, since the installation occurred in 2025, you will claim the credit based on the full cost on your 2025 tax return.
According to the IRS instructions for claiming a Residential Energy Credit, the costs are treated as being paid when the original installation of the item is completed. So even though a portion was paid in 2024, since the installation occurred in 2025, you will claim the credit based on the full cost on your 2025 tax return.
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