topic Re: Energy efficient deduction in Deductions & credits

Energy efficient deduction

Swishmik91 — Tue, 02 Mar 2021 22:59:55 GMT

We replaced all the exterior doors on our house in 2019 and did not claim the deduction on our 2019 tax return. Can we claim this cost on our 2020 return?

Re: Energy efficient deduction

Opus 17 — Tue, 02 Mar 2021 23:09:37 GMT

No, you would have to file an amended 2019 return. The credit is 10% of the cost for the doors, not including installation, and to qualify, the doors must be rated Energy Star 6.0 or better.

Re: Energy efficient deduction

SweetieJean — Wed, 03 Mar 2021 00:19:45 GMT

As @Opus 17 indicated, it's a tax credit, not a deduction against income. However, the Federal credit is limited to $500 overall.

Energy Incentives for Individuals: Residential Property Updated Questions and Answers | Internal Revenue Service (irs.gov)