Limits
A tax credit of up to $1,500 is available to individuals for nonbusiness energy property, such as residential exterior doors and windows, insulation, heat pumps, furnaces, central air conditioners, and water heaters.
a. The credit is 30% of qualified costs. b. There is a lifetime credit of $1,500. c. The improvements must be installed in the taxpayer's principal residence in the United States.
Read more about this topic: Nonbusiness Energy Property Tax Credit
Famous quotes containing the word limits:
“Caring for children is a dance between setting appropriate limits as caretakers and avoiding unnecessary power struggles that result in unhappiness.”
—Charlotte Davis Kasl (20th century)
“Mathematics alone make us feel the limits of our intelligence. For we can always suppose in the case of an experiment that it is inexplicable because we don’t happen to have all the data. In mathematics we have all the data ... and yet we don’t understand. We always come back to the contemplation of our human wretchedness. What force is in relation to our will, the impenetrable opacity of mathematics is in relation to our intelligence.”
—Simone Weil (1909–1943)
“I shall have the veil withdrawn and be allowed to gaze unblinded on the narrow limits of my own possibilities.”
—Beatrice Potter Webb (1858–1943)