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Deductions & credits
For tax year 2022, I installed, and I spent $1500 (cost of insulation) on attic insulation. When I inputted that number, and after the final calculation, the window said that I would NOT receive any tax credit based on the information I inputted. This had nothing to do with new construction, but fixing inadequate insulation when the house was built years ago. I checked the box "no the energy improvements where not related to construction of our main home". Is this credit income based? Does the federal tax credit show anywhere else other than "Home Energy Credit" in the summary page? According to IRS website I am allowed to take the credit for attic insulation costs, form 5695, line 19A for 2022.
March 10, 2023
8:03 AM