Posted: 20 Jan 2014 09:53 AM PST
If you are like me and had to replace a furnace in 2013, or replaced an air conditioner or even put in a new water heater, you may be eligible to get a tax credit on your 2013 taxes that you will be filing before April. 2013 was the last year you could claim these energy efficiency saving deductions, but they are a way to get up to 500 dollars back from the government.
In early December right in the middle of the cold snap that covered the country we had a furnace go out. Yep, Christmas shopping was curtailed as we had the lovely opportunity to spend nearly two thousand dollars, top market pricing, on a new furnace. It was painful, but we will end up getting a $150 credit on on 2013 taxes. That takes a little of the sting out of it. It would have been more painful now that I realize it if the furnace had gone out in January of this year. The credit has now expired.
Here are the things you need to know to get a tax credit if you replaced a furnace, air conditioning unit, or a water heater in 2013.
Heating, Cooling and Water-Heating Equipment
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