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Deductions & credits
@bolgani wrote:
Thank you for that advice, but the result says that the deduction will be for 2024's taxes!! What's up with that? Power Wall was installed spring of 2023.
First, I believe form 5695 is not updated for the new 2023 tax rules. I think it is scheduled to be ready on January 17, but it could be delayed.
Second, as Maya says, you can only get a refund if you owe income tax. If you added the energy credit before adding your income, it will show the credit as not available this year. The program will update itself after you add your income and other tax information.
‎January 10, 2024
7:38 AM