Federal Tax, Tax

Some Homeowners May Qualify for Expanded Home Energy Tax Credits

Have you recently made energy efficient updates to your home? The IRS is reminding homeowners that they may qualify for expanded home energy tax credits under the Inflation Reduction Act. Specifically, the Energy Efficient Home Improvement Credit may provide a tax credit of up to $3,200 for homeowners who made qualified energy efficient improvements after Jan. 1, 2023. The Residential Clean Energy Credit is available to qualifying taxpayers who made investments in certain energy improvements to their homes, including solar, wind, geothermal, fuel cells, and battery storage. Click here to learn more. Contact the Cg Team with questions. © 2023