Federal Tax, Tax

Tax Break for Energy -Efficient Home Improvements

For many homeowners, warm weather means it’s time to tackle home improvement projects. By investing in certain energy-efficient updates, taxpayers can not only lower their power bills but also score some tax breaks. The Energy Efficient Home Improvement Credit equals 30% of qualified expenses (up to $3,200) incurred to improve a home after Jan. 1, 2023. Examples include insulation and exterior doors or windows (certain limits apply). The Residential Clean Energy Credit is also equal to 30% of qualified property installed in a U.S. home from 2022 through 2032. Examples include solar electric panels, solar water heaters and wind turbines. Here’s more: https://bit.ly/44Cgpkh. Contact us with questions. © 2024