The residential energy property credit is nonrefundable.
High efficiency gas furnace tax credit 2017.
The maximum credit for a furnace or boiler is 150.
The credit amount for each type of property has a different dollar limit.
A nonrefundable tax credit allows taxpayers to lower their tax liability to zero but not below zero.
This credit has a maximum lifetime limit of 500.
The maximum tax credit for a furnace circulating fan is 50.
10 of cost up to 500 or a specific amount from 50 300.
Must be an existing home your principal residence.
300 for any item of energy efficient building property.
300 maximum credit available for qualifying central air conditioners heat pumps packaged units and ductless mini split systems.
150 for any qualified natural gas propane or oil furnace or hot water boiler.
The other part of the credit is not a percentage of the cost.
A maximum of 200 can be for windows.
Up to 10 of the cost to 500 or a specific amount from 50 to 300.
150 maximum credit available for qualifying furnaces and boilers.