New Energy Efficient Home Improvement Tax Credit: Your 2024 Guide

The Department of the Treasury and IRS have released crucial guidance (Revenue Procedure 2024-31) for the Energy Efficient Home Improvement Credit, offering homeowners up to $1,200 annually for qualifying improvements. 



Key Qualifying Improvements: 

  • Insulation (walls, roofs, floors) 

  • Energy-efficient windows, skylights, and exterior doors 

  • HVAC system upgrades 

  • Energy-efficient water heaters 

Credit Breakdown: 

  • Insulation: Up to $800 

  • Windows: Maximum $600 

  • HVAC Systems: Up to $600 

To ensure compliance, manufacturers must follow specific certification procedures, and taxpayers must maintain detailed documentation of improvements and costs. The credit can be claimed through IRS Form 5695 during tax filing. 

This initiative not only helps reduce your tax liability but also promotes energy efficiency in homes. For expert guidance on maximizing these tax benefits, contact Sai CPA Services: 

Facebook: AjayKCPA 
Instagram: sai_cpa_services 
Twitter: SaiCPA 
LinkedIn: Sai CPA Services 
WhatsApp: Sai CPA Channel 
Phone: (908) 380-6876 

    (908) 888-8900 

📍 1 Auer Ct, East Brunswick, 
NJ 08816 


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