In December 2022, the IRS issued its new Guidance and FAQs for the new 25(C) tax credit (effective for installations January 1, 2023 and December 31, 2032) and updated its guidance for the expiring 25(D) tax credit (effective for installations between January 1, 2021 and December 31, 2022) can be found at the button link below. HPBA highlighted the important Sections of the Guidance and FAQ.
HPBA has also updated its one-pager information page for retailers, which can be found at the button link below.
Feel free to contact Ryan Carroll (email@example.com) with any questions that are not answered by our website.
See our new FAQs about this new tax credit for additional information.
The Sec. 25(C) biomass stove tax credit expired after December 31, 2020. The credit must be claimed in the year in which product installation was completed.
With this credit having expired, 2020 is the last year the biomass stove tax credit of $300 can be claimed on a tax return. Download the consumer one-pager here
Members of the North Central Hearth, Patio & Barbecue Association (NCHPBA) and its regional Affiliates are the leading companies that produce, sell, or service appliances and accessories in the hearth and barbecue industries in North America. Join today to take advantage of all the benefits your company will receive.JOIN NOW
Servicing North and South Dakota, Nebraska, Iowa, Minnesota, Wisconsin and the UP of Michigan.
Copyright © 2023. North Central Hearth, Patio and Barbecue Association | All rights reserved.