Enrolled Agent Exam [Part 1] 48, Residential Energy Credits

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How to distinguish between the Section 25C credit for home improvements and the Section 25D credit for clean energy systems. • The specific annual credit limits for Section 25C, including the $1,200 general cap and the separate $2,000 cap for heat pumps. • That the Section 25D credit is a straight 30% of the cost with no maximum dollar limit, a key exam distinction. • To identify that both credits are nonrefundable, but only Section 25D has a provision to carry forward unused credit amounts. • A simple mnemonic: “C is for Capped Components” and “D is for Dynamic Dollars” to recall the rules for each credit. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep