What Is the Inflation Reduction Act? Save Money While Bettering the Environment!
• Biomass Stoves: When you get a new biomass stove, you’re eligible for a 30% credit on project costs up to $2,000. • Electric Panel: When you upgrade to a new panel, you can get 30% credit on project costs up to $600. However, if you want to receive these tax credits, any replacements must have the ENERGY STAR label to qualify. Furthermore, homeowners upgrading their existing homes are the only individuals who can earn this credit. New construction and rentals cannot use these tax credits. Please be sure to keep a copy of your receipts for any replacements. When it’s time to file taxes, be sure to bring these documents with you so your credits can be applied to your report. Additionally, the tax credit is effective for products purchased and installed between Jan. 1, 2023, and Dec. 31, 2032 . So be sure you’re taking advantage of these savings!
On Jan. 1, 2023, new tax credits from the Inflation Reduction Act, otherwise known as the climate bill, became available to many U.S. households. The Inflation Reduction Act aims to help homeowners save money on energy expenses, transition to cleaner energy consumption, and help tackle climate change. This month, many homeowners may schedule their HVAC inspections or have their heating and cooling units examined, repaired, and even replaced! You could receive a huge tax break if you decide to replace some of your HVAC system and other items with these energy- efficient products. HEATING AND COOLING TAX CREDITS • Heat Pumps: If you get a new heat pump, you can qualify for a 30% credit on project costs up to $2,000. • Central Air Conditioners: You can receive a 30% credit for a total project cost of $600 for new AC units. • Insulation, Skylights, Windows, and Exterior Doors: Any replacement makes you eligible for a 30% tax credit with a $1,200 cap. • Gas and Oil Burners and Water Heaters: You can claim 30% of project costs, up to $600.
For more tax and financial tips, please visit DupontWealth.com or call us today to schedule a consultation!
SUDOKU
RASPBERRY AND FIG OAT BARS
Inspired by Delicious.com.au
Raspberries and figs make these oat bars a scrumptious dessert or a delectable morning treat.
INGREDIENTS
1 1/2 cups all-purpose flour
• • • •
2/3 cup caster sugar (superfine granulated)
•
1/4 cup cornstarch 1 tsp baking powder
2 eggs, beaten
• • • • • •
1 cup and 1 tbsp rolled oats, divided 2 sticks chilled unsalted butter, diced
1 tsp vanilla extract 1/4 cup raspberry jam 1 1/3 cups raspberries
•
3 figs, quartered
1 tbsp turbinado or brown sugar
DIRECTIONS
1. Preheat oven to 350 F. Grease and line an 8x12-inch pan with parchment paper. 2. In a medium bowl, combine flour, cornstarch, baking powder, and 1 cup oats. Using your fingertips, rub in butter until crumbly. Stir in caster sugar, then add egg and vanilla. Stir until clumpy. 3. In the pan, smooth three-quarters of the mixture evenly. Spread jam over the top, then add fruit. Mix leftover oat mixture with turbinado sugar and remaining oats, then sprinkle over the fruit. 4. Bake for 40–45 minutes until golden. Cool in pan for 10 minutes, then slice and serve.
Wealth Solutions www.DuPontWealth.com | Law Office www.DandBLaw.com | 3
Made with FlippingBook Ebook Creator