HVAC System Installed in 2022

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Forensicacctnt
    Senior Member
    • Feb 2017
    • 104

    #1

    HVAC System Installed in 2022

    Client purhased and installed a new HVAC System (all electric) in March, 2022 for an existing home. Total cost $9,163.00. I have reviewed instructions on the tax credit and I have noted there were changes passed in December, 2022 regarding energy efficient systems. I do not see in the IRS Form 5693 where this system would be recorded and I wonder if there is a tax credit available for this system for 2022? If so, what form is to be used? Thanks for your help on this subject.
  • Uncle Sam
    Senior Member
    • Jul 2006
    • 1461

    #2
    Here are the instructions for the energy credits - https://www.irs.gov/pub/irs-pdf/i5695.pdf

    Uncle Sam, CPA, EA. ARA, NTPI Fellow

    Comment

    • New York Enrolled Agent
      Senior Member
      • Nov 2006
      • 1530

      #3
      Originally posted by Forensicacctnt
      Client purhased and installed a new HVAC System (all electric) in March, 2022 for an existing home. Total cost $9,163.00. I have reviewed instructions on the tax credit and I have noted there were changes passed in December, 2022 regarding energy efficient systems. I do not see in the IRS Form 5693 where this system would be recorded and I wonder if there is a tax credit available for this system for 2022? If so, what form is to be used? Thanks for your help on this subject.
      Don’t know the specific SEER on this unit but might qualify for the $300 credit placed on line 22a of Form 5695

      Comment

      Working...