How to Maximize your Home Improvement Tax Credit | Rob.CPA

Описание: In this video, I discuss the difference between a tax deduction and tax credit and how this impacts what you owe the IRS.

Then I highlight the Energy-efficient Home Improvement credit - how the rules from 2021 carryover to 2022, thanks to the Inflation Reduction Act.

Then I comment on the changes to the Energy-efficient credit beginning January 1, 2023, which allows an annual $1,200 household credit vs. the $ $500 lifetime credit until the old rules.

Enjoy