Do You Qualify For a Pellet Stove Tax Credit?
As you meet with your accountant or tax preparer to prepare 2012 taxes, remember to ask if you qualify for the pellet stove tax credit. Be sure to mention the purchase of a qualifying renewable energy appliance in 2012. You will want to make sure you get the proper tax credit for your purchase. If you have questions about what qualifies, you can read “25C Tax Credit Reinstated: Biomass Stove Tax Credit” and share this information with the person preparing your taxes.
In addition to this tax credit, there are quite a few other miscellaneous tax credits and tax deductions that are often overlooked and could be potential savings for you. Take a look at this list and see if any might apply to you.
If you’ve purchased a stove already in 2013, then be aware that this reinstated tax credit also applies to qualifying purchases in 2013. Make a note in your tax file to discuss next year.