The Latest and Greatest in Helping Clients Claim Home Energy Credits
Author: Annette Nellen
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
The Inflation Reduction Act of 2022 added and modified several energy credits. The qualification rules are multi-faceted and complex and in the law through 2032. This course covers the residential and vehicle credits applicable to individuals as laid out by Congress and guidance from the IRS. In addition, we'll cover tips to offer to clients and questions to ask to be sure clients qualify. Due diligence and planning considerations are addressed.
Publication Date: February 2024
Topics Covered
- Overview to IRA 2022 energy credits and rationale
- Residential Energy Credits (§25C and §25D)
- Clean Vehicle Credits (§30D and §25E)
- Refueling Property Credit (§30C)
- Energy Rebate Programs
- Planning and due diligence aspects of credits modified, added and extended by the Inflation Reduction Act of 2022
Learning Objectives
- Explain the qualifications for residential energy and clean vehicle tax credits available to individuals
- Identify IRS guidance and information available to assist in claiming these credits
- Identify due diligence and planning considerations relevant to IRA 2022 residential energy and clean vehicle credits
- Identify the annual credit limit with respect to home energy audits
- Identify the form used to claim residential energy credits
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
