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New Member
posted Feb 3, 2024 11:04:51 AM

I installed a heat pump which should qualify for the $2000 tax credit from the Inflation Reduction Act (IRA) but the credit is capped at $300. Is this being fixed?

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1 Best answer
Level 15
Feb 3, 2024 11:06:09 AM

The Form 5695 Residential Energy Credits for tax year 2023 has not yet been finalized in TurboTax.

The Form 5695 is scheduled to be available in TurboTax on 02/07/2024 (subject to change).

Go to his TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...

1 Replies
Level 15
Feb 3, 2024 11:06:09 AM

The Form 5695 Residential Energy Credits for tax year 2023 has not yet been finalized in TurboTax.

The Form 5695 is scheduled to be available in TurboTax on 02/07/2024 (subject to change).

Go to his TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...