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mward2012
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Home improvement needs heat and air conditioner 8500.00 how do I add that

 
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1 Reply
DMarkM1
Employee Tax Expert

Home improvement needs heat and air conditioner 8500.00 how do I add that

Here is a list of items to see if your units qualify extracted from IRS instructions.  You should get documentation from the manufacturer to keep for your records.  

  • An electric heat pump water heater that yields a Uniform Energy Factor of at least 2.2 in the standard Department of Energy test procedure.
  • An electric heat pump that achieves the highest efficiency tier established by the Consortium for Energy Efficiency (CEE) as in effect on January 1, 2009.
  • A central air conditioner that achieves the highest efficiency tier that has been established by the CEE as in effect on January 1, 2009.
  • A natural gas, propane, or oil water heater that has a Uniform Energy Factor of at least 0.82 or a thermal efficiency of at least 90%.
  • A stove that uses the burning of biomass fuel to heat your home or heat water for your home that has a thermal efficiency rating of at least 75%. Biomass fuel is any plant-derived fuel available on a renewable or recurring basis, including agricultural crops and trees, wood and wood waste and residues (including wood pellets), plants (including aquatic plants), grasses, residues, and fibers.
  • a natural gas, propane, or oil furnace or hot water boiler that achieves an annual fuel utilization rate of at least 95.
  • an advanced main air circulating fan used in a natural gas, propane, or oil furnace that has an annual electricity use of no more than 2% of the total annual energy use of the furnace (as determined in the standard Department of Energy test procedures).

If the units qualify for the credits you will use the steps below to enter your costs to obtain the credit. 

 

1.  Click on deductions & credits at the top of the page

2.  Scroll down to "Your Home" section

3.  Click "Show more"

4.  Find the "Home Energy Credits" and click "start/revisit"

 

 

 

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