2008 Tax Deduction for Highly Energy Efficient Hot Water Heater and Furnace?
by Mundoo
Question by Dr Jim: 2008 Tax Deduction for Highly Energy Efficient Hot Water Heater and Furnace?
I purchased a highly energy efficient hot water heater as well as a high efficiency furnace in 2008. Is there anywhere to claim a credit for these two items? It looks like federal forms are only giving credits for solar heating and hybrid vehicles. If you know where to claim a credit for new furnaces and hot water heaters, let me know. Thanks for your timely response!
Best answer:
Answer by v b
The credit SKIPS 2008. (Don’t feel bad, I bought a water heater too, but I wasn’t going to wait until after 1/1 as I like hot water to wash my hair….)
What do you think? Answer below!
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about 1 year ago
The energy credits weren’t valid for 2008. Sorry.
about 1 year ago
There is no credit for these items in 2008. Under the American Recovery and Reinvestment Act of 2009, these are reinstated for the tax years of 2009 and 2010 only.
Sharon Pierce, HRB Sr Tax Advisor V
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.