I wanted not know if I should be keeping track of some events in my tax year for 2023
New electric stove. $1020.00
New Pella energy efficient windows. $ 22,000.00
Hail storm loss. $3500.00
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The new windows will qualify for the Energy Efficient Home Improvement Credit. There is a limitation on the amount that can be claimed for windoes. They must meet the Energy Star Certification and the credit is limited to $600. Below is a link to IRS's website on the credit. You will see the window information under "Building Envelope Components".
https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit
Unfortunately, your new range won't qualify for the credit. Only heating/cooling appliances qualify. Here is a link to our support site that will provide details on the appliances that qualify for the credit.
Regarding your loss from a hail storm, unless you are located in a federally declared disaster area, there is no longer a deduction for casualty losses. If you're unsure if you are in one of those areas, you can confirm by visiting FEMA's website.
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Elizabeth W, EA
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