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Do I qualify for a tax write off for installing a new furnace / heating / ac system in my home ?
2 Answers
- Anonymous1 decade agoFavorite Answer
It's not a tax write off, but a tax credit. There are various credits for a variety of home improvements, including new furnace. I have included a link to Form 5695, which is the form for the energy improvement credits.
Source(s): http://www.irs.gov/pub/irs-pdf/f5695.pdf - Jimee77Lv 41 decade ago
If you installed a qualified natural gas, propane, or oil furnace or hot water boiler, you can get a $150 energy credit on your tax return.
The only deduction for these type of home improvements is the energy credit, which is only a fraction of the cost of the improvements.
Source(s): IRS website, I'm a CPA
