If you made energy improvements to your home in 2023, you may be eligible for some new tax credits. The Inflation Reduction Act of 2022 did away with the old, and frankly useless, tax credits that only allowed you to deduct up to $500 for the lifetime of the taxpayer and replaced them with the ability to receive yearly incentives! Homeowners who improve their primary residence will find the most opportunities to claim credits, however, renters may also be able to claim credits too, as well as owners of second homes used as residences. That part is brand new and opens up lots of possibilities.
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