Steve DiGioia

Stimulus Check Update: Americans Can Get $2,000 in Tax Credits, IRS Says!

Stimulus Check

The Internal Revenue Service said that millions of Americans can get $2,000 in tax credits as a form of stimulus check under the Biden administration’s Inflation Reduction Act.

Stimulus Check
$2,000 in stimulus checks will be sent to Americans. (Photo: CNET)

$2,000 Stimulus Check

The Internal Revenue Service says that millions of Americans are unaware that they can get $2,000 in tax credits as a form of stimulus check under the Inflation Reduction Act. This is offered for those who have installed heat pumps at home.

In a published article in The U.S. Sun, the Department of Energy clearly defines the pumps, which use electricity to push heat into the home. Additionally, a heat pump is an appliance meant to replace a fuel-burning furnace.

READ ALSO: Americans Can Get $1,100 in Free Money, Here’s How!

More Information About the Stimulus Check

According to a published article in Forbes, the Energy Efficient Home Improvement Credit offers credit for a variety of energy-saving appliances. For heat pumps, it’s worth 30% of the installation cost, up to $2,000 for the year of installation.

Furthermore, this efficiency credit applies as well to the following:

  • Exterior doors, windows, skylights and insulation materials
  • Central air conditioners, water heaters, furnaces, boilers
  • Biomass stoves and boilers
  • Home energy audits

Furthermore, any installation must meet certain standards set out by the Department of Energy to qualify.

READ ALSO: $550 Will Hit the Bank of Eligible Residents in Michigan, Are You Qualified?

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