While we the forms are not yet finalized by the IRS and TurboTax, most of the calculations are working. While the overall limit is $1200, certain items (such as doors), have a lower limit of $250 per door with a maximum total of $500. The limit you're seeing could be correct depending on the information provided to the program. If you are entering other types of property (such as a furnace) then it may be that the data isn't fully populating due to the forms not being fully ready.
You can find more information about the particular limitations of the credit HERE. If you are entering data for items that do have a limit above $500, please do check the link provided above by @Bsch4477 to learn when the forms are expected to be fully functional in the program and try again after that date.
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