"Maximize Winter Efficiency with a $3,200 Tax Break for Home Heating"

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Source: CNBC
"Maximize Winter Efficiency with a $3,200 Tax Break for Home Heating"
Photo: CNBC
TL;DR Summary

Homeowners can take advantage of the Energy Efficient Home Improvement tax credit, offered by the Inflation Reduction Act, to boost their home's efficiency and save money on heating bills. The tax credit, worth up to $3,200 a year, can be used for projects such as installing energy-efficient insulation, windows, doors, and electric heat pumps. By reducing heat loss and improving energy efficiency, homeowners can also lower their greenhouse gas emissions. The tax credit is available through 2032, and there is no lifetime dollar limit. However, certain efficiency standards must be met, and the credit is nonrefundable, requiring a tax liability to benefit.

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