Inflation Reduction Act 2024 Energy Efficient Appliances

Inflation Reduction Act 2024 Energy Efficient Appliances. The inflation reduction act includes incentives for home owners to get their properties more energy efficient. The inflation reduction act expands a homeowner efficiency tax credit, called the energy efficient home improvement credit.

Beginning with the 2023 tax year (tax returns filed now, in early 2024), the credit is equal to 30% of the costs for all eligible home improvements made during the year. 16, 2022, president biden signed the landmark inflation reduction act.