Wait for a few days before proceeding. The programming that reflects new legislation hasn't been updated yet.
Form 5695, Residential Energy Credits, the form on which such costs can be claimed for tax year 2023, hasn't yet been finalized in TurboTax. Once this is done, you’ll be able to complete the form using the updated computations.
The form is tentatively scheduled for use on February 7th, 2024. You can check for any updates in TurboTax's Tax form availability app. These expenses will be claimed on line 25a of Form 5695.
Since the programming isn't updated yet, it isn't possible to tell you precisely where it will be entered. Generally, though, to enter home energy credit information in TurboTax Online:
- Open TurboTax Online
- Select Tax Home in the left pane
- On the Hi, let's keep working on your taxes! screen, select the dropdown on the right side of the Deductions & Credits box, then select Start, Continue, or Review/Edit
- On the Your tax breaks page, scroll down and select the dropdown to the right of Your Home
- Select Start or Revisit to the right of Home Energy Credits
- On the Energy-Saving Home Improvements page, select Yes in answer to the question, Did you make energy-saving improvements in 2023 or have a carryforward from 2022?
- Enter all relevant information on the ensuing pages
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