topic Furnace replacement. in Get your taxes done using TurboTax

Furnace replacement.

Donald-g-goins — Sat, 01 Jun 2019 02:09:26 GMT

I had to replace the furnace in my house, and was wondering if I can claim that as a major purchase? Thanks.

No. Major purchase is misleading. Later on the program...

Opus 17 — Sat, 01 Jun 2019 02:09:26 GMT

No. Major purchase is misleading. Later on the program will clarify that for the sales tax deduction, the only thing you can add to the standard amount is purchase of a motor vehicle, aircraft, new home, or major renovation to a home.

However, if the furnace meets energy efficiency standards you may qualify for a 10% credit up to $300.

How do I know if the new furnace is energy efficiency sta...

Donald-g-goins — Sat, 01 Jun 2019 02:09:28 GMT

How do I know if the new furnace is energy efficiency standards?

The tax instructions say the furnace must have an annual...

Opus 17 — Sat, 01 Jun 2019 02:09:30 GMT

The tax instructions say the furnace must have an annual fuel utilization rate (AFUE) of 95 or higher. Ask the vendor or manufacturer, or check the instruction manual or other documentation.