rjs
Level 15
Level 15

Deductions & credits


@Nance59 wrote:

I just went back on Turbotax and entered my information for my heat pump and it's saying I get a $953 credit - it's supposed to be $2000!!!  What the hell?  Is the form 5695 updated or not?


@Nance59  The credit for a heat pump is not "supposed to be" $2,000. It's a maximum of $2,000. You don't necessarily get the maximum amount. Look at Form 5695 to see how the credit is calculated.