professional tax preparer before filing. • Home energy tax credits. The IRS continues to incentivize homeowners who invest in eco-friendly home improvements. Homeowners can claim the Energy Efficient Home Improvement Credit, which applies to upgrades like exterior doors, windows, insulation, and HVAC systems. From 2023 through 2032, this credit allows for 30% of the total improvement cost annually, up to a maximum of $1,200 each year. Additionally, the Residential Clean Energy Credit covers solar, wind, geothermal power, solar water heaters, fuel cells, and battery storage, offering a 30% credit with no annual or lifetime limit until 2032. These credits, available for primary residences and second homes but not for non- residential properties, provide strong incentives for investing in energy efficiency and renewable energy.
79
Powered by FlippingBook