What is tax credit in air conditioning?
Tax credit for air conditioning is a motivation to upgrade the refrigeration facilities created by the US government. These federal tax loans were included in the Act on US Recovery and Reinvesting of 2009 and returned the percentage of new costs of air conditioning to the buyer. This credit only applies to the purchase of specific energy -efficient air conditioning models. Taxpayers must impose a purchase documentation and file specific tax forms to obtain a loan. This credit is multiple and provides different investment revenues depending on the purchase price of each air conditioning; The first level will return 10% of the purchase price up to $ 500 in the US (USD), without the new constructian and rental by the end of 2011. The second level returns 30% without the upper limit in all homes by the end of 2016.
hlThe aviation provision that leads to a tax credit for air conditioning is that the new models must meet specific environmental standards. Only homemade cooling units that meet the specific effectiveness evaluation are qualified for purchase. Individual units must have an energy efficiency evaluation greater than 13 and seasonal energy efficiency evaluation greater than 16. The central air units must have an assessment of more than 12 and 14. These data are provided in the specifications of the new air -conditioning units.
Documentation and revenues of new air conditioning are important for applying tax credit in air conditioning. It is also important to certify the ATION certificate in the unit. These documents do not have to be submitted with a tax return, but the information must be listed in each tax forms.
tax administration is a key element for receiving a refund from a tax credit in air conditioning. Taxpayers must fill in line 52 of the tax form 1040 and also fill in for forMulář 5695. Generally, the tax credit is granted to the buyer who is entitled to a tax refund or money applies to the debt with internal income for taxpayers with tax seriousness.