You'll need to sign in or create an account to connect with an expert.
The amount of the energy credit claimed by the taxpayer in a taxable year may not exceed the taxpayer's personal income tax liability for that year. To determine the amount allowable in a given taxable year, a taxpayer must reduce the $1000 maximum credit amount by the amount of any energy credit allowed to the taxpayer in any prior taxable years with respect to the same principal residence.
http://www.mass.gov/dor/docs/dor/forms/inctax16/addl/sch-ec.pdf
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Jersian
New Member
rfc156
New Member
DConway104
New Member
Bob4FrenchFries
Level 1
Walt44
New Member