Blog Title: things you need to get credit on water heater

Main Que: What do you need to get tax credit on water heaters?

Answer: "The maximum amount an eligible homeowner may receive in tax credits for improvements is $500. If you have already claimed credits of $500 or more from improvements made in 2011 or any year prior, you are ineligible to claim new credits for any new improvements made during 2012, 2013, or 2014. "