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My wife and I just replaced our 17 year old furnace that was dying a slow death. We replaced our old 8 Seer unit with a 13 Seer unit (about 50-60% more efficient according to the literature). Would this be considered tax deductible or serve as a credit for our 2007 taxes? Same thing goes for a new dishwasher (Energy Star) I installed in 2006, that is more efficient than our previous older unit?

I posed this question with the Greenlight boards and got the following response (they also recommended I come to this site to check):

"My vote is "no." I think replacing your furnace and dishwasher were a home maintenance items with kickers. My experience with energy credits is they happen at the local level, either through state income tax returns or rebates from your utility company.

When you post your question on the Tax Strategies discussion board, ask about audit bait. Some deductions are sufficiently abused that they raise your vulnerability to an audit. The IRS is friendlier about audits than it used to be - often they just want a piece of paper for their files - but the folks on Tax Strategies can give you the whole story."

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