There are listed tax breaks for fossil fueled water heaters, boilers and such, but why is the most energy efficient of them all- the hybrid electric heat pump water heater not included in the deductions?
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In 2009, Congress enacted certain energy-efficiency tax credits as part of its "Stimulus Bill," formally called the "American Recovery and Reinvestment Act of 2009." The bill had an expiration date of December 31, 2016. Therefore, if you purchased and installed a qualifying energy-efficient water heater in 2016, you could claim a water heater tax credit for it on your 2016 tax return. Some credits were substantial, in the neighborhood of $500, and qualifying water heaters included a variety of types and models.
This is wrong. The Non-Business Energy Property Tax Credits involving hybrid hot water heaters did not expire until Dec 31, 2021. A qualifying heater is eligible for a $300 tax credit. Why doesn't TurboTax recognize this?
@john-queern wrote:
This is wrong. The Non-Business Energy Property Tax Credits involving hybrid hot water heaters did not expire until Dec 31, 2021. A qualifying heater is eligible for a $300 tax credit. Why doesn't TurboTax recognize this?
Qualified energy property is any of the following.
• Certain electric heat pump water heaters; electric heat pumps; central air conditioners; and natural gas, propane, or oil water heaters.
Enter the cost in the box labeled Energy-Efficient Building Property.
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