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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.
‎February 8, 2024
1:42 PM