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Deductions & credits
It is possible that you don't have sufficient income tax in 2021 to use the credit, as it cannot reduce your tax below $0. You need to look on line 24 on your form 1040 to see if you have any tax. If not, then the credit will be carried over to next year.
You can view your form 1040 while working in the online version of TurboTax by following these steps:
While working on your return in the Federal section of TurboTax:
1. Choose the Tax Tools icon on your left menu bar
2. Tools
3. View Tax Summary
4. Choose the Preview my 1040 on your left menu bar
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March 2, 2022
8:19 PM