Effective date of Credits for home improvements

[lnayim]

When do the new tax laws go into effect? Tax year 2022 or tax year 2023?

[rjs]

What new tax laws are you asking about? Are you referring to the Inflation Reduction Act? It's one law, with several tax provisions that go into effect at different times. There is no credit for general home improvements. There are changes to the existing credits for energy-related home improvements. For details on the changes, including effective dates, see the following summaries prepared by Champion Opus 17.

Revisions to section 25C ENERGY EFFICIENT HOME IMPROVEMENT CREDIT

Revisions to section 25D Residential Clean Energy Credit