The Inflation Reduction Act of 2022 expanded credit amounts and types of qualifying expenses for homeowners that make energy improvements to their primary residence. Renters may also be able to claim credits, as well as owners of second homes used as residences.
Below is a poster recently released by the IRS, outlining the details of this credit. If you have additional questions, please visit the Home Energy Tax Credits website or contact our office at 602.776.6300.
Price Kong is committed to providing personalized service and advice to our clients. Our full range of accounting and consulting services enables us to assist clients with understanding unique situation and ensure they receive expert support, regardless of the engagement or project. Price Kong is a member of Allinial Global, a consortium of 90 North American Certified Public Accounting firms, and numerous professional and industry organizations. pricekong.com | 602.776.6300 | [email protected]