Deductions & credits

NEW FOR TAX YEAR https://ttlc.intuit.com/replies/6479917

TurboTax will create form 5695 Residential Energy Credits.

To enter your Rinnai Tankless Water Heater:

1. Open your return, if you don't already have it open.
2. In TurboTax, search for energy improvements. (Do not search for "energy credit," as this will take you to the wrong place in the program.)
3. Click the "Jump to" link in the search results.
4. At the bottom of the Energy-Saving Home Improvements screen, answer Yes and continue. Follow the on-screen instructions.

Tip: You can see which energy-saving home improvements qualify for a federal tax credit at the Energy Star website.