Biomass Stove Tax Credit
What you need to know
Beginning of the Biomass Stove Tax Credit
The biomass stove tax credit, a dollar-for-dollar, non-refundable credit, was first enacted in 2009 by the American Recovery and Reinvestment Act. The credit amount and requirements have changed over the years, but the requirements have remained the same for several years.
What is it?
A $300 tax credit for purchasing a biomass stove that is at least 75 percent efficient.
- Biomass stoves purchased before December 31, 2020
- The stove burns biomass as a fuel, heats air or water, and is at least 75 percent efficient
How to find qualifying appliances?
Please see at: https://myfireplaceproducts.com/us_en/heaters
What paperwork you should keep for your tax records?
- Purchase receipt
- The manufacturer certificate stating that the stove qualifies for the credit and is at least 75 percent efficient :
How to claim the credit ?
- Claim the credit on your federal income tax form
- File Via Tax Software: Located in the “credits” section of the Federal portion under home ownership and residential energy credit
- File Via U.S. Mail: Usually located on line 22a of IRS form 5695 under residential energy property costs and energy-efficient building property. The IRS provides additional instructions for this form
Purchased a qualifying stove in a previous tax year?
Read more about this tax credit and find out how to claim it by clicking: https://www.hpba.org/Advocacy/Biomass-Stove-Tax-Credit