IRS releases frequently asked questions about energy efficient home improvements and residential clean energy property credits

Author: W R Howell, CPA | Dec 30, 2022 | Categories: Accountant , Accounting Firm , Accounting Services , Assurance Services , Business Accountant , Business Advisor , Business Consulting , Business Incorporation , CPA , CPA Firm , Payroll Tax Filing , QuickBooks Services , Tax Accountant , Tax Planning , Tax Preparation

The Internal Revenue Service today released frequently asked questions (FAQs) about energy efficient home improvements and residential clean energy property credits in Fact Sheet FS-2022-40PDF.

The inflation Reduction Act of 2022 (IRA) amended the credits for energy efficient home improvements and residential energy property. These FAQs provide details on the IRA's changes to these tax credits, information on eligible expenditures, and provides examples of how the credit limitations work.

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