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
If you're filing tax returns in two different states, how is your Earned Income Credit (EIC) figured? Learn more from the EIC tax experts at H&R Block
Need to know how to calculate estimated taxes? We're here to help. Get tax answers from H&R Block today.
Learn more about tax filing requirements and get tax answers at H&R Block.
Are you eligible for tax deductions if you're a truck driver? Learn more from the tax experts at H&R Block.