Are you considering buying a tankless water heater or have you purchased a tankless water heater in the past year? If you have then you’ll want to now how it can help you when filing your tax return. You can now get a tax credit for a tankless water heater.
President Obama signed The American Recovery and Reinvestment Act of 2009, on February 17, making great changes to the Emergency Economic Stabilization Act of 2008.
Under the new Stimulus bill:
The following improvements have tax credits available to consumers for 30% of the cost, up to $1500, in 2009 & 2010 (for existing homes only):
Some of these tax credits are available at 30% of the cost, with no upper limit through 2016 (for existing homes & new construction) for:
The following are requirements under the bill to receive the tax credit:
Visit TurboTax Online to get the credits you deserve on your return.