Tax law changes

Thank you - I was able to navigate to this list, but I still don't think the credits are being accurately applied based on the latest legislation and tax guidance.

 

The FAQ article for this section says "You can get 10% of the cost of energy-efficient building property or $300 (whichever is less) as a tax credit." for energy efficient building property, but the new IRS guidance says these costs are deductible for up to 30% of the cost of each item, for a $3,200 maximum credit.  The TurboTax refund seems to max out at $500, which reflects old legislation prior to the Inflation Reduction Act getting passed.

 

Here's a link to the IRS guidance I'm referencing.