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Deductions & credits
@leviton11 wrote:
I am having the same issue. I enter all of the amounts and it says my credit is zero. Why is this not being computed properly?
The changes only apply to items installed in 2023. For an efficient air conditioner installed in 2022, the credit is 10% of the installed cost, with a maximum of $300, and a lifetime maximum on this credit type of $500, so if you took the credit before, you may no longer be eligible.
Starting in 2023, the credit percentage is raised to 30% of the installed cost and the lifetime cap is removed, but if you installed an energy efficient improvement in 2022, you must follow the old law.
‎December 14, 2022
11:34 AM