Just Venting...

New Tax Laws for 2018

 

 

There are a couple new tax laws that benefit both residential and commercial customers when upgrading existing HVAC equipment.

 

Commercial-Section 179 is a new tax law that started on January 1st, 2018.  Commercials customer have the ability to write off  for tax purposes the cost of a new heating and air conditioning units in the first year, instead of depreciating the expense over 39 years.   Check with your CPA or tax professional for every situation is unique in nature.

Residential-Geo Thermal Tax Credits have returned and they are retroactive to January 01,2017.  30% Tax credit available unti December 31, 2019.  In 2020, the tax credit will reduce to 26%.  In 2021, the tax credit will reduce to 22% with the tax credit expiring on 2021.  For Commercial applications, the 10% tax credit has been reinstated.

 

Great opportunity to take advantage of your equipment that will give you financial and enviromental rewards.  Check with your tax professional and let us know how we can help

 

 

 

 

Legacy Heating and Air Inc.

Written by Legacy Heating and Air Inc.

Legacy Heating and Air Inc. is a family business that has been in the heating and air conditioning industry for the better part of seven decades. Our focus is on consistent, first-class customer service. That's why every incoming call is answered live, by a Legacy Heating and Air employee, 24/7. Whether you are a new customer or someone who has worked with us in the past, we thank you for your business and look forward to welcoming you to the Legacy family!