Inflation Reduction Act Tax Relief

If you made any efficient improvements to your home in 2023 you may qualify for a tax credit up to $3200.

It is called the energy efficient home improvement credit

It is covered under the inflation, reduction act there is a federal law

If you did insulation work in your home or change the exterior doors for more efficient doors, exterior windows, skylights or you need a home energy assessment and you pay for it yourself also, if you change your or install central AC natural gas, propane or oil water heater any improvements in replaced and replacement of electric, electric panel boards, circuit circuit ref your east if you install heat pumps or by my stove by my spoilers all those types of investments in your home qualify

For heat pumps the rebate is 30% of the expenditure to $2000

And for insulation work and doors windows what they called building envelope, the tax credit is 30% of the expenditure up to $1200, when you add everything.

In the description you will find the link to the IRS website with the provisions, but if you want to know more details about how to implement this in your tax return, the recommendation is that you talk about it with your tax professional.

Here’s the link to the IRS provision: https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit

At the end of it you will see the forms to be added to your tax return

If you live in Massachusetts and want to reduce your energy bills, or have an interest in using less energy in general at your home, ask for a no cost home energy assessment by a certified specialist, by clicking on this link: