JotikaT2
Employee Tax Expert

Deductions & credits

These are 2 different credits on the same form.

 

The "Nonbusiness energy property credit" has been extended

 

The "Residential Energy Efficient Property Credit" is still available. 

 

As mentioned previously, the Residential Energy Efficient Property Credit is 30% of qualified costs comprised of the following:

  • Solar electric property
  • Solar water heating property
  • Small wind energy property
  • Geothermal heat pump property
  • Fuel cell property

 

I have attached a list to the latest instructions available on the IRS website today.

Residential Energy Credit Instructions

 

Form 5695 is scheduled to be released within the TurboTax program on January 29, 2020.  

Form release dates

 

 

[Edited on 01/31/20|6:37pm PST]

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