Which residential energy-efficient property credit deductions are available for second homes?
You’re eligible for the residential energy-efficient property credit if you have installed any of these:
- Solar water heating
- Solar power panels
- Small wind systems
- Geothermal heat pumps
- Fuel cell technology — principal residence only
With the exception of the Fuel cell Residential Energy Efficient Property Credit Second homes will qualify under the Residential Energy Efficient Property Credit. Rentals qualify for neither credit, the residential energy-efficient property credit deduction nor the nonbusiness energy property credit
Learn more about how a salary advance could potentially impact your return with help from the tax experts at H&R Block.
An ITIN is issued by the IRS to help people file taxes without a Social Security number. Learn how to get an ITIN number, who qualifies, and where to apply.
Learn more about the different taxes on your paycheck including federal, state, social security and medicare withholding with the experts at H&R Block.
Get a better understanding of taxes for immigrants, expats and green card holders. This guide helps answer basic questions about special filing circumstances.