2024 Turbo Tax does not yet have the Residential Energy Credits functionality available. However the Help for this section says "The residential clean energy property credit equals the lessor of $1,200 or 30 percent of what a homeowner spends on qualifying property". (Note that that should be "lesser", not "lessor".)
However, the IRS documentation, https://www.irs.gov/credits-deductions/residen[product key removed]y-credit, says "The credit has no annual or lifetime dollar limit except for credit limits for fuel cell property. You can claim the annual credit every year that you install eligible property until the credit begins to phase out in 2033."
Is there an explanation for this discrepancy?
