Congressional Fiscal Cliff Deal Includes Tax Credit

The American Taxpayer Relief Act of 2012, passed on January 1, 2013, included an extension of the 25C tax credit from January 1, 2013 to December 31, 2013.  This tax credit allows eligible taxpayers to claim up to $500 on their tax returns for qualifying energy-efficient equipment.  The tax credit is capped based upon new or retrofitting the following equipment:  $300 for water heaters, $150 for furnaces, $150 for boilers, $300 for air conditioners and heat pumps, and $50 for advanced main air circulating fans.

For more information please feel free to check out this article on ACHR News:  HTTP://WWW.ACHRNEWS.COM/ARTICLES/122035-FISCAL-CLIFF-DEAL-INCLUDES-HVAC-TAX-CREDIT or contact us here at Atlas Air Conditioning Services.