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Level 1
February 28, 2024
Question

Electric Heat Pump Energy Credit for 2023

  • February 28, 2024
  • 3 replies
  • 42 views

Does the desktop version of Turbo tax include the Electric Heat Pump Energy Credit for 2023 ?  Where is it?  All I see is for Geothermal Heat Pump...

    3 replies

    DoninGA
    Level 15
    Level 15
    February 28, 2024

    Remove answer.  See updated answer below.

     

     

    DoninGA
    Level 15
    Level 15
    February 28, 2024

    Sorry, you said heat pump and I posted info for a furnace.  However, to enter the heat pump cost it is on the same page.

    The screenshot is from the online editions, but the desktop editions have the same screen.

     

     

    Alumni - Intuit
    February 28, 2024

    To claim a credit for an electric heat pump in TurboTax Desktop:

    1. Select FEDERAL TAXES in the banner
    2. Select Deductions & Credits, then I'll choose what I work on
    3. Below Your Home, select Start or Update to the right of Home Energy Credits
    4. On the Energy-Saving Home Improvements screen, select Yes, then Continue
    5. Proceed through the screens.  Don't enter anything on the Enter Any Residential Clean Energy Improvements screen, just select Continue
    6. Continue through the screens until you get to the Did you have any residential energy property costs in 2023? page.  Select Yes, then Continue
    7. Answer appropriately on the Tell Us More About the Residential Energy Property screen, then select Continue
    8. On the Enter your qualified energy property costs screen, enter your heat pump costs in the box to the right of Heat pumps (electric or natural gas), then select Continue
    9. Enter any requested information on the following screens