DaveF1006
Expert Alumni

Retirement tax questions

I have checked the 2022 program and recreated the scenario you provided.  I am happy to report that the program is working fine and i received the full $500 credit.

 

Energy credits are non-refundable credits that are limited by your tax liability for the year.  If you have a copy of your 2022 tax return, I would like for you to look at a couple of things.

 

  1. Look at Line 16 on your 1040. 
  2. Now look at line 24, which should be 0.
  3. Your energy credit should appear in line 20 along with other credits that may appear in line 19

As i said, your energy credit cannot be more than the amount of your tax liability thus your energy credit reduced your tax liability to 0 which should be recorded in line 24 of your 1040.

 

@AZCams  Since 1989 

 


 

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