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Home Energy Tax Credit
IRS states that 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.
Turbotax Premier 2023 states the energy efficient home improvement credit has a lifetime limitation of $500.
When will this discrepancy be fixed in Turbotax?
‎January 11, 2024
10:57 AM