Deductions & credits


@davidhopkinsberry wrote:

It's February 28 and the problem in Turbotax has not been fixed.  I installed $19k electric heat pump and am only getting a $500 credit, per Turbotax.  It should be $2000.


If you are sharing the ownership of the home and are not filing as Married Filing Jointly, there is a bug in the TurboTax software for the Form 5695.  If you alone paid for the item it is not giving you the $2,000 credit but an incorrectly calculated number.

This is a known error and is being worked on by the software developers.