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Get your taxes done using TurboTax
Hi @BrailMethod!
To claim the solar credit, please follow these steps:
- In TurboTax, open your tax return
- Click on Federal in the left-hand column, then on Deductions & Credits on top of the screen
- Scroll down to All Tax breaks, locate the section Your Home and click on Show more
- Click Start next to Home Energy Credits (see screenshot)
- Follow the interview to enter your information.
The credit is nonrefundable, meaning it cannot create a refund for you.
- If in 2022 you end up with a bigger credit than you have income tax due — a $3,000 credit on a $2,500 tax bill, for instance—you can't use the credit to get money back from the IRS. Instead, you can carry the credit over to the following tax year.
- Note - this does not mean that you will not get a refund; it just means that the credit cannot create the refund. If you have other withholdings or refundable credits, you may still get a refund. But the solar energy credit cannot reduce your tax liability below 0.
- The credit continues to carry forward until it is fully used up (no time limit)
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November 16, 2022
12:38 PM