IRS  Releases Guidelines On Woodstove Tax Credits

From Portland Press Herald
June 4, 2009

Do you or a loved one own a Jøtul stove? Do you or a loved one like saving money on your taxes?

Then be glad you are reading this update, because the IRS just released its guidelines today on tax credits regarding energy efficient stoves - And the majority of Jøtul wood stoves hit the mark.

Some background: The tax credit is part of the 2009 stimulus plan, and is retroactive to wood stoves and inserts purchased anytime in the calendar year of 2009 as well as throughout 2010.

The new provisions provide a 30% tax credit, up to $1,500, for the purchase of a 75%-efficient biomass-burning stove as measured using a lower heating value. Taxpayers who purchase a qualified stove in 2009 or 2010 will receive the credit at tax time.

So, should you be the proud owner of any of these Jøtul wood stoves and inserts -- F 100, F 118, F 602, F 3CB, F 400, F 500, F 600, F 602, C 350, C 450, and C 550 -- be even more proud.

You can tell your husband or wife that it indeed was a smart decision to buy that new stove!

To reach Jøtul and get a certification statement on all qualified stoves to use as proof of the stove’s qualification for the tax credit, visit this link.