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Tax credits for gas water heaters
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Kurt Ullman
Feb 4, 2012, 1:47:25 PM2/4/12
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My daughter bought a new gas water heater for her house in 2011. She
wanted to know if she could get a credit on her taxes. It looks from my
research that she can get up 30% up to $500 as she hasn't had any other
claims "during the lifetime of the credit".
She would need to file form 5695, is there anything else she needs to
know, look up about the heater? Any guidance on where I might look to
find Indiana's credit if similar?
Thanks.
--
People thought cybersex was a safe alternative,
until patients started presenting with sexually
acquired carpal tunnel syndrome.-Howard Berkowitz
--
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wanted to know if she could get a credit on her taxes. It looks from my
research that she can get up 30% up to $500 as she hasn't had any other
claims "during the lifetime of the credit".
She would need to file form 5695, is there anything else she needs to
know, look up about the heater? Any guidance on where I might look to
find Indiana's credit if similar?
Thanks.
--
People thought cybersex was a safe alternative,
until patients started presenting with sexually
acquired carpal tunnel syndrome.-Howard Berkowitz
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
terrable
Feb 4, 2012, 8:55:32 PM2/4/12
to
"Kurt Ullman" <kurtu...@yahoo.com> wrote in message
news:GqCdnV3PKcqr-bDS...@earthlink.com...
> My daughter bought a new gas water heater for her house in 2011. She
> wanted to know if she could get a credit on her taxes. It looks from my
> research that she can get up 30% up to $500 as she hasn't had any other
> claims "during the lifetime of the credit".
> She would need to file form 5695, is there anything else she needs to
> know, look up about the heater? Any guidance on where I might look to
> find Indiana's credit if similar?
> Thanks.
>
You are looking at old information.
> wanted to know if she could get a credit on her taxes. It looks from my
> research that she can get up 30% up to $500 as she hasn't had any other
> claims "during the lifetime of the credit".
> She would need to file form 5695, is there anything else she needs to
> know, look up about the heater? Any guidance on where I might look to
> find Indiana's credit if similar?
> Thanks.
>
"The credit is no longer 30% of qualified residential energy property costs
(including labor), but is now equal to an amount not to exceed $300."
Requires Energy Factor >= 0.82 or a thermal efficiency of at least 90%. This
more or less means a tankless gas water heater.
http://www.energysavers.gov/financial/70010.html
Arthur Kamlet
Feb 4, 2012, 9:08:30 PM2/4/12
to
In article <GqCdnV3PKcqr-bDS...@earthlink.com>,
of credit is more like $150.
> She would need to file form 5695, is there anything else she needs to
>know, look up about the heater? Any guidance on where I might look to
>find Indiana's credit if similar?
Can't help with Indiana.
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
Kurt Ullman <kurtu...@yahoo.com> wrote:
>My daughter bought a new gas water heater for her house in 2011. She
>wanted to know if she could get a credit on her taxes. It looks from my
>research that she can get up 30% up to $500 as she hasn't had any other
>claims "during the lifetime of the credit".
Off the top of my head, I think the 30% expired 12/31/11 and the amount
>My daughter bought a new gas water heater for her house in 2011. She
>wanted to know if she could get a credit on her taxes. It looks from my
>research that she can get up 30% up to $500 as she hasn't had any other
>claims "during the lifetime of the credit".
of credit is more like $150.
> She would need to file form 5695, is there anything else she needs to
>know, look up about the heater? Any guidance on where I might look to
>find Indiana's credit if similar?
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
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