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Deductions & credits
The energy tax credits are not calculating properly for electric heat pumps. Per the IRS it is a 30% credit up to 2k. https://www.irs.gov/pub/irs-pdf/p5886a.pdf Turbo tax support said i have to do tax advising which costs money.. it seems like its pretty clearly wrong in the turbo tax site. Its bucketed under building which is capping out at 10% or $300. Will this be corrected? Pretty big miss.
Its also missing a spot for home energy assessment credits.
‎January 25, 2024
7:26 PM