ES99
Level 1

Get your taxes done using TurboTax

Does the link in your reply show that on 1-31-24 it is expected the TurboTax Home will correctly calculate a home energy credit under the new Inflation Reduction Act?  

 

Here's the expected behavior:https://blog.turbotax.intuit.com/health-care/inflation-reduction-act-of-2022-52555/

 

"The Inflation Reduction Act extended the allowed credit up to 10% through December 31, 2022 and increased the Energy Efficient Home Improvement Credit amount up to 30% for qualifying property placed in service on or after January 1, 2023"

...

"The provision also eliminates the lifetime credit limit that was previously in place and limits the credit per taxpayer per year beginning in tax year 2023 (the taxes you file in 2024)."

 

Turbotax Home is still capping at $0 due to maximum $500 since 2006.