Did you make improvements to your existing principal residence? Some of them may qualify for federal tax credits and incentives. The Non-Business Energy Property Tax Credits have been retroactively extended from 12/31/17 through 12/31/21.
Equipment Tax Credits for Primary Residences
Tax Credit: 10% of cost up to $500 or a specific amount from $50-$300
Expires: December 31, 2021
Details: Must be an existing home and your principal residence. New construction and rentals do not apply.
Air Source Heat Pumps: $300
Central Air Conditioning: $300
Gas, Propane or Oil Furnaces: $150
*The tax credit information is provided for informational purposes only and is not intended to substitute for expert advice from a professional tax/financial planner or the Internal Revenue Service (IRS).