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How to Maximize your Home Improvement Tax Credit | Rob.CPA
Автор: Rob Pasquesi | Personal Finance & Tax Planning
Загружено: 2022-11-11
Просмотров: 9835
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
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