Vanessa A
Expert Alumni

Deductions & credits

Carried forward from 2022 or the unused amount that will carry forward from 2023?  

 

For 2023, the Home Improvement Energy Efficient Credits do not carry forward. These are the credits for most of the non alternative energy items. They have become use it or lose it.

 

The Residential energy credits (solar and wind) are carried forward.  

 

So depending on which credit you have, you may or may not be eligible for it to carry forward. 

 

If you look on line 16 of your form 5695, this will show any eligible carryforward, but as stated, they are ONLY for the residential energy credit, not the Energy Efficient Credit. 

 

If you are using the desktop version, be sure that you update the forms by selecting Online>>Update to be sure you are using the latest forms. 

 

 

 

 

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