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Are Smart Thermostats Tax Deductible
Are Smart Thermostats Tax Deductible -
Learn how to claim a tax credit for qualified energy efficient improvements to your home including smart thermostats after Jan 1 2023 Find out the credit amounts limits requirements and eligible expenses for different types of improvements
Smart thermostats are not eligible for the energy credit See Can I claim energy efficient appliances or energy saving home improvements You may be able to claim it under your home office Repairs are deducted
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Some studies have shown that homeowners can save up to 10 or more on their energy bills by using a smart thermostat Over time these savings can add up to a significant amount of money Finally smart thermostats can
SOLVED by TurboTax 4457 Updated 1 month ago How to enter Home Energy Tax Credits TurboTax Community Tax Expert Tutorial Watch on You can t claim Energy Star appliances or water saving improvements like low flow toilets low flow shower heads or xeriscaping on your federal return
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No you cannot claim a Smart Thermostat as an Energy Saving Home Improvement Please see Can I claim energy efficient appliances or energy saving home improvements for more information March 8 2022 6 10 PM 0 Reply Bookmark Icon aolsen12343 New Member OK thanks March 8 2022 6 26 PM 0 Reply Bookmark
Short Answer Nest thermostats may be tax deductible depending on the circumstances of the purchase Generally Nest thermostats are considered home improvement items which may qualify for deductions as part of home
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Smart thermostats are not eligible for the energy credit See Can I claim energy efficient appliances or energy saving home improvements You may be able to claim it under your home office Repairs are deducted
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Short Answer No smart thermostats are not tax deductible However they may be eligible for certain energy efficiency tax credits or home efficiency tax credits depending on the specific model installation requirements and other factors
Smart thermostats are not eligible for the energy credit See Can I claim energy efficient appliances or energy saving home improvements You may be able to claim it under your home office Repairs are deducted
Short Answer No smart thermostats are not tax deductible However they may be eligible for certain energy efficiency tax credits or home efficiency tax credits depending on the specific model installation requirements and other factors
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