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Even if you are just a home owner that buys a high efficiency furnace the IRS doesn't have enough info to do your taxes properly.
by pfisch 4y ago
Even if you are just a home owner that buys a high efficiency furnace the IRS doesn't have enough info to do your taxes properly.
- jedberg 4y agoSure they do. They would send you a bill, you'd say, "hey I bought a furnace", they would deduct from the bill and you'd pay the rest.
- Broken_Hippo 4y agoAnd in most countries, you'd just add that to the tax return information they send you. And if that furnace gets you discounts over years, you should only have to do that once - the next years, they'll have the information. Or alternatively: They can directly subsidize high efficiency furnaces, which would actually allow more people to have them than a tax credit will since it would lower the barrier to entry (price).