How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Merlo Your Own Question
Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
Type Your Tax Question Here...
Merlo is online now
A new question is answered every 9 seconds

Is there any tax credits when you install a home aerobic septic

Resolved Question:

Is there any tax credits when you install a home aerobic septic system?
Submitted: 7 years ago.
Category: Tax
Expert:  Merlo replied 7 years ago.

Hello JA Customer,


Currently the IRS is offering some credits for certain energy improvements made to your home. This includes the installation of qualifying HVAC equipment, roofs, doors, windows, insulation, water heaters and solar energy systems, but there are no credits being offered for installation of a new septic system of any type.


The cost of the new septic system simply adds to your basis in the home. If the home is ever sold, the cost of this improvement will be part of your basis, thereby reducing any taxable gain you have from the eventual sale of your home.


If this was helpful please press the Accept button. It is the only way we receive any credit for helping with these questions.


Thank you JA Customer



Merlo and 2 other Tax Specialists are ready to help you