You are likely eligible for an new 30% federal tax credit for the purchase and installation of a Kuma wood stove. To be eligible for this credit, make sure you invest in a high efficiency heater like Kuma's new line of low emission wood stoves.
What do you need to know?
1. Purchase and install your new Kuma wood stove or insert anytime after January 1st, 2023
3. 30% of the cost of the stove, hearth, and installation can be claimed as a tax credit on your federal tax return.
How to claim the credit:
1. For tax software users: Claim the credit in the "Home ownership and residential energy credit" section when working on your federal taxes. For paper filers: IRS Form 5695, line 22a will be the place to claim this credit. New IRS instructions will be released in the near future.