turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

les3825
New Member

I need to replace the 2 air conditioning units this year with federal standard units. How do I calculate the energy tax credit, that I can take on my 2019 return?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
KarenJ
Intuit Alumni

I need to replace the 2 air conditioning units this year with federal standard units. How do I calculate the energy tax credit, that I can take on my 2019 return?

Unfortunately, the Nonbusiness Energy Property Credit expired after tax year 2017.  This credit was for certain high-efficiency heating and air conditioning systems, water heaters and stoves that burn biomass, energy-efficient windows and skylights, energy-efficient doors, qualifying insulation and certain roofs.

The Residential Energy Efficient Property Credit is in effect for 2018 to the end of 2021 - This year you can only claim a credit if you have installed one of the following:

Qualified solar electric property, Qualified solar water heating property, Qualified small wind energy property,  Qualified geothermal heat pump property and Qualified fuel cell property costs.


View solution in original post

1 Reply
KarenJ
Intuit Alumni

I need to replace the 2 air conditioning units this year with federal standard units. How do I calculate the energy tax credit, that I can take on my 2019 return?

Unfortunately, the Nonbusiness Energy Property Credit expired after tax year 2017.  This credit was for certain high-efficiency heating and air conditioning systems, water heaters and stoves that burn biomass, energy-efficient windows and skylights, energy-efficient doors, qualifying insulation and certain roofs.

The Residential Energy Efficient Property Credit is in effect for 2018 to the end of 2021 - This year you can only claim a credit if you have installed one of the following:

Qualified solar electric property, Qualified solar water heating property, Qualified small wind energy property,  Qualified geothermal heat pump property and Qualified fuel cell property costs.


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies