My clients bought and installed a pellet stove in 2022. From what I have read it qualifies for a 26% tax credit on Form 5695 but I can't figure out where to enter it. I either get a 30% credit of a $300 credit. I use Pro Series. .
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Ugh. Looks like energystar.gov was NOT updated for the Inflation Reduction Act changes to 2022 property. 26% expired 12/31/21 and 30% was in effect for 2022. Follow the 5695 instructions. -
Use in the Biomass line.This post is for discussion purposes only and should be verified with other sources before actual use.
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As long as it is 75% efficient it qualifies. In pro series you enter it on form 5695 part one second line D (PS has a opps two line D's
The credit will be 30%
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Thanks everyone.Comment
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