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Level 1
January 18, 2023
Solved

When I added my solar carryover credit my refund amount did not change. Does that mean TT was already calculating the amount before I entered it?

  • January 18, 2023
  • 1 reply
  • 13 views
Last year it added 5k to the refund, and this year it should have added 4k to the refund but the refund amount did not change after filling out the carryover form,
Best answer by SteamTrain

Possibly...sometimes those $$ fill in when you transfer the prior year's data into the next.

 

When you went thru the Home energy credits section...was the carryover amount already in there?

______________________________

Of course, the other possibility is that your tax liability, so far, was already at zero....so the credit can't be applied until you have some tax.  This can especially happen if folks haven't entered all their income yet.

 

 

1 reply

SteamTrain
Level 15
January 18, 2023

Possibly...sometimes those $$ fill in when you transfer the prior year's data into the next.

 

When you went thru the Home energy credits section...was the carryover amount already in there?

______________________________

Of course, the other possibility is that your tax liability, so far, was already at zero....so the credit can't be applied until you have some tax.  This can especially happen if folks haven't entered all their income yet.

 

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*