Most of us don’t typically associate tax season with something to be excited about, but maybe this coming year will be different for you. This summer, the Inflation Reduction Act of 2022 was signed into law, which extended benefits for homeowners who can claim various residential upgrades as tax rebates of up to $500.
Were you one of the many homeowners who upgraded your heat pump, furnace, AC unit, or water heater this year out of necessity? While it may have been an inconvenient setback, you may be eligible for federal or state government rebates for the 2022 tax filing season. Homeowners often don’t realize there are government incentives for upgrading various parts of their homes to energy-efficient standards. The rebates can apply to windows, doors, insulation, high-efficiency heating systems, air conditioning systems, and water heaters. If you’re curious about which items you purchased that fall under the correct eligibility, you can head to https://www.energystar.gov/rebate-finder and browse their website to learn more.
For homeowners that upgraded their heating and air-conditioning systems, Robbins can help you gather the necessary information to maximize your tax preparation. We assist with identifying the products purchased, determining if the equipment meets the eligibility standards, and supplying you with the required documents to receive a tax refund or rebate. Robbins will issue you an AHRI certificate that you’ll need to hang on to until you’re ready to file your taxes. It’s that simple!
If you’ve been planning to upgrade some of your residential equipment that falls into these categories, your purchase will qualify through December 31, 2022. Now is the perfect time to make the most of your home’s potential in preparation not only for the upcoming winter but for the added benefit of the tax rebates and refunds. No need to feel in over your head if you aren’t sure about what kind of equipment would be most beneficial for your living space. The professionals at Robbins can help guide you in making the most reasonable decisions that work for you and your home.
Don’t forget to get that AHRI certificate to have when you’re ready to file next year. While we don’t offer any tax advice or services, we look forward to answering your questions about how to make the most of your residential upgrade tax rebate.