New law upgrades home energy credits
$225.00
Description
Abstract: The new Inflation Reduction Act (IRA), signed in August of 2022, rewards homeowners for going green. This article explains that taxpayers now may qualify for either or both of two enhanced tax credits: the “residential clean energy credit” (previously the energy-efficient property credit) and the “energy-efficient home improvement credit” (previously the “nonbusiness energy property credit”). The article offers a brief overview of both credits.
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