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Bring Family Together with a New Wood Burning Stove - Boston, Sudbury, MA

Wednesday, February 05, 2020
The Fireplace Shop and Grill Center at West Sport in Sudbury, MA

You could qualify for a $300 tax credit. The biomass stove tax credit was extended for qualifying woodstove and insert purchases made before December 31, 2020.

What is it?

  • A $300 tax credit for purchasing a biomass stove that is at least 75 percent efficient.

What qualifies?

  • The wood burning stove or fireplace insert was purchased before December 31, 2020.
  • The stove burns biomass as a fuel, heats air or water, and is at least 75 percent efficient.

What paperwork you should keep for your tax records?

  • Purchase receipt
  • The manufacturer certificate stating that the stove qualifies for the credit and is at least 75 percent efficient.

How to Claim It:

  • Complete eligible purchase by December 31, 2020.
  • Claim the credit on your federal income tax form.
  • File Via Tax Software: Located in the “credits” section of the Federal portion under home ownership and residential energy credit.
  • File Via U.S. Mail: Usually located on line 22a of IRS form 5695 under residential energy property costs and energy-efficient building property. The IRS provides additional instructions for this form.

For more information and to take a look at various sizes and styles of wood burning stoves and wood burning fireplace inserts, contact The Fireplace Shop and Grill Center at West Sport in Sudbury, MA.