@chandragelli wrote:
I got Carrier HVAC system installed in Dec 2021. When filing my 2021 tax returns, I got $150 tax credit for furnace, but didn't claim any credit for air conditioner. Can I claim $300 air conditioner rebate when I file 2022 taxes next year?
The credit can be up to $500, if you can separate the furnace ($150), the air conditioner ($300), and an advanced min circulating fan ($50), since these credits are separate.
However, if the system was placed in service (installed and turned on) in 2020, that is the year you claim the credit, even if you are still paying it off. Here are the instructions to amend a 2020 return
https://ttlc.intuit.com/community/amending/help/how-do-i-amend-my-return/00/27439
Also, if audited, you will need some kind of proof of the separate price of each part of the installation. Just because the system was $5000 or more will not be proof for the IRS that each separate part of the system qualified for the maximum credit. For example, if the system was $4000, you might have paid $2000 for the furnace and $2000 for the A/C, which would be a maximum credit for the A/C of $200, not $300. If you can't prove the separate price of each part of the system, the IRS might deny the credit.
