Biomass Stove Tax Credit Has Been Extended
Thank you to everyone who reached out to their senators; the biomass stove tax credit was passed by Congress on December 19, 2019, and the President signed the bill, which contains over 1,500 pages of funding measures.
What products qualify?
- Anything that qualified for the credit in the past would qualify again. The credit was extended using the same language used for years: must be at least 75 percent efficient.
- It covers qualifying products purchased since the credit expired, December 31, 2017, and until the current credit expires on December 31, 2020.
- Remember, this is a retroactive extension, too. If someone purchased a qualifying product in 2018, they could file an amended return. If someone purchased a qualifying product in 2019, including in the next couple weeks, it could be claimed on their 2019 return.
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