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$300 Wood Stove Federal Tax Credit

Save $300 with the Federal Biomass Tax Credit

There is still time to purchase a new Jøtul F 500 V3, F 45 V2, or F 602 V2 wood stove and claim a $300 tax credit on next years return.

Quick Reference Download

Tax Certificate for qualifying stoves.

How to Claim It:

Complete eligible purchase by December 31, 2020.

Retain the receipts from your purchase as well as the manufacturer certificate stating the stove qualifies.

Claim the credit on your federal income tax form.

If you made a qualifying purchase in a previous tax year and you want to claim the credit, you may file an amended return using IRS Form 1040-X

  • File Via Tax Software: Located in the “credits” section of the Federal portion under home ownership (or under "Home & Vehicles") and look for reference to the residential energy credit (Form 5695). Look for reference to the $300 credit. Contact the filing software provider you are using for any additional questions.
  • File Via U.S. Mail: 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.