What is the Extra Home Heating Credit (EHHC) and who qualifies?
I keep hearing about some kind of extra credit for home heating expenses on 2023 taxes. Is this real? How do I know if I qualify and how much could I get back? My heating bills were crazy high this winter and I could really use the help.
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Savannah Glover
The Home Energy Credit for 2023 can give you up to $500 back on your taxes. You qualify if you installed energy-efficient improvements like new windows, doors, insulation, or heating systems. You'll need to file Form 5695 with your return and have receipts for the improvements. The credit is nonrefundable, meaning you can only get back what you owe in taxes.
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Kevin Bell
•wait so this isnt for just paying high heating bills? 🤔 man i got excited for nothing lol
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Savannah Glover
•No sorry! But check if your state has LIHEAP - that's for helping with actual heating bills
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Felix Grigori
Hey guys ive been using taxr.ai to figure out all these credits and deductions. Its only $1 and it analyzes your transcript to tell you exactly what credits you qualify for and how to claim them. Way better than trying to piece everything together from different posts https://taxr.ai
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Felicity Bud
•Is it legit? Seems to good to be true for just a dollar
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Felix Grigori
•100% legit! It caught a credit I missed last year worth $1200 that my tax guy didnt even see 💯
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Felicity Bud
•just tried it - holy cow this thing is amazing! Showed me exactly how to claim the energy credit for my new windows 🙌
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Max Reyes
I filed using turbo tax and they never mentioned this credit to me smh
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Mikayla Davison
Anyone know if replacing my furnace last year counts?
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Adrian Connor
•Yes if its energy star certified! Keep ur receipts
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Aisha Jackson
heads up yall - theres actually 2 different credits. The $500 one mentioned above AND a new 30% credit for heat pumps and other stuff under the inflation reduction act
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Ryder Everingham
•This is getting way 2 complicated 🤮 why cant they make this stuff simple
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Lilly Curtis
dont forget to check for state credits too! I got both federal and state credits when I did my windows last year
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