Tax Credits Return

IRS 1040 Tax Form Being Filled Out

Picture provided by http://www.seniorliving.org.

Many tax incentives were extended through the American Taxpayer Relief Act of 2012 – also known as the “fiscal cliff bill” – which Congress passed on January 1, 2013.  The most important change may be the retroactive reinstating of the 25C Residential Energy-Efficiency Tax Credit from January 1, 2012 to December 31, 2013.

If you had a high-efficiency heating and air conditioning system or water heater installed in 2012, or plan to purchase qualifying equipment in 2013, you may be eligible for a tax credit of up to $500.

There may never be a better time to install new or replacement equipment.  Consider contacting your local heating and cooling contractor to see if you qualify for the new credits or the retroactive credits.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s