$300 Tax Credit Deadline for High-Efficiency Water Heaters
$300 Tax Credit Deadline for High-Efficiency Water Heaters
For complete details on all federal tax credits, see energystar.gov
Is Your High-Efficiency Water Heater Eligible for a Tax Credit?
Deadline Extension: The Non-Business Energy Property Tax Credits have actually been extended from 12/31/2017 through 12/31/2021. This indicates that the tax credit covers purchases of qualifying new non-solar hot water heater (consisting of electric heat pump (hybrid), gas, oil or propane) made prior to December 31, 2021. And the good news is it likewise retroactively applies to purchases made in 2018 and 2019. Ask your tax professional about modifying your return for that year to take advantage of the tax credit. The IRS generally restricts amendments to returns to three years.