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Tax Credit - HPBA
A New Tax Credit for Modern Wood & Pellet Heat The Wood and Pellet Heater Investment Tax Credit was first established by legislation enacted at the end of 2020, creating a new tax credit under Sec. 25(D) of the tax code. This new credit covers: 26 percent of purchase AND installation costs (with no limit) in 2021 and 2022
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2021 Form 8885 - IRS tax forms
www.irs.govon line 2. If you do not attach the required documents, your credit will be disallowed. 3. Enter the total amount of any Archer MSA or health savings accounts distributions used to pay for HCTC-qualified health insurance coverage for the months checked on line 1 . . . . . . . . . . 3. 4. Subtract line 3 from line 2.