Your credit of $1,323 could be due to this being a non-refundable tax credit. This means that it will only reduce your tax liability by the amount you owe. Any qualified improvements can be made through 2033. Vanessa A provided great steps to check your return. I have included the steps here for easy review, "If you do have a tax liability on line 16, you can go back and double check the answers as you walked through the interview.
In order to claim the credit you must
- Live in the home you installed the item in
- You must have purchased the equipment new, not used
- You can not rent this home to others if you do not also live in the home
- it must be your main home
- It must be in the United States
- You cannot use the property solely for business.
- If you use the home partially for business but less than 20% you can take the full credit.
- If you use the home more than 20% but less than 100% for business, you can take a prorated credit."
[Edited 03/03/2025 | 7:58 am PST]
@secane6-q
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
