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Deductions & credits
@fxp1 wrote:
We spent money to get an energy compliant heat pump and told we would get a 2000 tax credit but it is only showing 300 on turbotax. Am I putting something in wrong?
30% of cost would max at 2000 credit
The residential energy credits Form 5695 will not be current in TurboTax and ready for a 2023 return until after a product update on 2/07/2024 (projected date). Just hold off for now and see what happens after the update. It's not known what time of day the update will occur on 2/07/2024, or whether it might even be overnight Wednesday into Thursday morning. Sometimes there are delays. In any case, when the Form 5695 is ready and updated, you should see a green checkmark when you look for the form in the following table:
FAQ: When will my individual tax forms be available in TurboTax?
ā€ˇFebruary 5, 2024
6:02 PM