How to Deduct New Appliances From Taxes

by Duncan Jenkins ; Updated July 27, 2017
New appliances may qualify you for an energy credit on your taxes.

The federal government provides tax relief to taxpayers doing their share to reduce global warming. One of these incentives is the Energy Efficient Tax Credit. If you purchase an energy efficient appliance (dishwasher, refrigerator, dryer), you can claim this tax credit when you file your taxes the following year. Before claiming this, however, you must file the requisite paperwork.

Step 1

Contact the appliance manufacturer in question. If you have several energy efficient appliances you purchased the previous year, contact each individual company. Ask for the Manufacturer's Certification Statement. Some companies will provide these on their websites. These documents verify the energy efficiency of the appliance.

Step 2

Photocopy the receipt, the warranty and the Manufacturer's Certification Statement. You'll need the originals for your tax records. You will send the copies when you file your taxes. This tax credit currently only applies to appliances purchased in 2009, a provision in the American Recovery and Reinvestment Act of 2009.

Step 3

Fill out your standard tax forms. For W2 employees, this means the 1040 form. If you're self-employed or own a small business, you'll need to file S-Corp, Sole Proprietor or Corporate taxes. Speak with a tax professional to increase your deductions and refund.

Step 4

Obtain IRS Form 5695, the Residential Energy Efficiency Tax Credit. You'll need to list all appliances that qualify and the purchase price. This form will also apply to any energy efficient improvements you made to your property in the previous year--windows, heating systems and solar panels.

Step 5

File IRS Form 5695 with your other tax documents. Make sure to send the copies of the documents you collected. Retain your originals for your tax records.

About the Author

Based in Eugene, Ore., Duncan Jenkins has been writing finance-related articles since 2008. His specialties include personal finance advice, mortgage/equity loans and credit management. Jenkins obtained his bachelor's degree in English from Clark University.

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