One change in federal tax law this year relates to property credit for energy efficient home improvements and residential clean energy property.
According to the Internal Revenue Service (irs.gov), the Inflation Reduction Act of 2022 amended the available credits. In the fact sheet FS-2022-40, the IRS examines a number of topics. These include:
What home improvements are eligible for the Energy Efficient Home Improvement Credit, and how much is the credit?
Is there a limit on the amount of the Energy Efficient Home Improvement Credit that I can claim?
Is there a dollar limit on the Residential Clean Energy Property Credit?
Answers to these questions and more can be found on the IRS website.
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