The new one Inflation Reduction Act of 2022 Offers Over $8,000 in Tax Credits or Refunds for those Americans who require specific home improvements, with which they could cover the total or partial cost of various remodeling.
In accordance with the details of this Law, taxpayers may request their refunds from this year 2023 to 2032, and those who make the renovations between 2033 and 2034 will only be assigned 22% and 26% of the total project.
In this sense, the economic aid that covers various remodeling includes:
Applicants who wish to do this type of renovation will receive a check for up to $2,000 in financial support.
This remodeling includes other appliances such as: water heaters, clothes dryers and heat pumps. According to the statement, Those who earn less than 150% of the average salary are eligible for financial aid of up to $14,000 dollars.
By this summer, many states could be making rebates of up to $8,000, so the people you get for this home makeover you can save up to 15% on heating and cooling bills.
Finally, thinking long term to reduce electricity bills at home can be a great option by installing solar panels that with the economic help of the new Law they could have 30% of the reimbursement for the total costs.
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Source: La Opinion
