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Deductions & credits
@kristinelise57 wrote:
Well, I just read on the IRS web site:
"There is no lifetime limit for either credit; the limits for the credits are determined on a yearly basis. For example, beginning in 2023, a taxpayer can claim the maximum Energy Efficient Home Improvement Credit allowed every year that eligible improvements are made."
The information posted above in this thread was for tax year 2022 which was correct.
For tax year 2023 that information has changed.
The IRS Form 5695 Residential Energy Credit for tax year 2023 is not yet finalized in TurboTax.
The form is currently scheduled to be available on 01/17/2024 (subject to change)
Go to this TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...