January 17, 2013
If you were paying attention to the news at all recently, you undoubtedly heard about Congress and the President’s attempts to avoid what they were calling the “fiscal cliff.”
But we won’t bore you with all the political details (just the ones that save you money.) Here’s what you need to know:
Even though the tax credits previously expired December 31, 2011, the legislation passed extends the credits retroactively.
The new legislation extends the tax credits from January 1, 2012 through December 31, 2013, which means:
The extended tax credits include high-efficiency:
Have a question about what the qualifications are for these products to receive the HVAC and water heating tax credits? Check out our list of qualifying purchases here.
And, of course, feel free to give us a call at (800) 940-9297 or schedule an appointment online. We’ll be glad to help!
This blog is for informational purposes only, and should not be construed as legal or tax advice. Please consult with a tax professional for further clarification of the legislation.
Posted in: Tips