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New Member
posted Jan 17, 2023 9:30:59 AM

How to I take insulation tax credit for 2022? My vendor Orkin will not separate labor from materials cost. Thanks.

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2 Replies
Level 15
Jan 17, 2023 10:00:45 AM

Ask the vendor or Google the cost of the insulation. Any good faith attempt to separate the cost will do. 

Expert Alumni
Jan 17, 2023 10:07:37 AM

A taxpayer may not include the labor costs for qualified energy efficient building envelope components including a qualifying insulation material; therefore, You must separate the labor from the material.  If your vendor will not separate it (preferred), You can get a price quote as if you were going to install it yourself. 

 

To enter Home Energy Credits -

  1. Select  Federal Taxes 
  2. Select  Deductions and Credit
  3. Click on I'll choose what I work on 
  4. Scroll to  Your Home
  5. On Home Energy Credits, click the start or update button

If you choose to do a search: Enter home energy improvement in the Search box located in the upper right of the program screen. 

Click on Jump to home energy improvement

 

IRS website for Form 5695 - https://www.irs.gov/forms-pubs/about-form-5695