Deductions & credits

Glad i finally found this string and thanks DoninGA for your update.  Was starting to get worried this wasn't going to be updated.  I will be looking for the stated update to release on 1/10/2024.  It currently only supported a $150 max credit for the one furnace i installed.  I am looking to receive the $600 max. based on what i paid.   Referencing the following TT and industry statement links below...

 

https://turbotax.intuit.com/tax-tips/home-ownership/energy-tax-credit-which-home-improvements-qualif...  

 

https://www.energystar.gov/about/federal_tax_credits/natural_gas_propane_oil_furnace

 

https://www.hvac.com/expert-advice/energy-tax-credits-2023-home-improvements/

Extract from TT follows...

Which home improvements qualify for the Energy Efficient Home Improvement Credit?

Beginning January 1, 2023, the credit becomes equal to the lesser of 30% of the sum of amounts paid for qualifying home improvements or the annual $1,200 credit limit. In addition the the aggregate $1,200 limit, annual dollar credit limits apply to specific items including:

  • Home energy audits: $150
  • Exterior doors: $250 per door (up to $500 per year)
  • Exterior windows and skylights, central A/C units, electric panels and related equipment, natural gas, propane and oil water heaters, furnaces or hot water boilers: $600