The tax credit for a seer2 16 AC with gas heater unit in 2023 is 30% of the cost up to $600. If the cost is $7000, 30% of $7000 is $2100. Can the $1500 used later years?

Assume I used $600 limit in 2023. I want to know the left over $1500 is still usable later. Or the carry over is only when I did not used up the $600 limit.

202

Level 15

Jun 29, 2023 11:06:33 AM

There is no carryover. The maximum credit for a gas furnace is $600.

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The tax credit for a seer2 16 AC with gas heater unit in 2023 is 30% of the cost up to $600. If the cost is $7000, 30% of $7000 is $2100. Can the $1500 used later years?