topic form 5695 in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/form-5695/01/1820384#M170292 <P>is form 5695 an itemized deduction or a stand alone deduction</P> Sat, 23 Jan 2021 19:26:52 GMT cav503 2021-01-23T19:26:52Z form 5695 https://ttlc.intuit.com/community/tax-credits-deductions/discussion/form-5695/01/1820384#M170292 <P>is form 5695 an itemized deduction or a stand alone deduction</P> Sat, 23 Jan 2021 19:26:52 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/form-5695/01/1820384#M170292 cav503 2021-01-23T19:26:52Z Re: form 5695 https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-form-5695/01/1821070#M170355 <P>Neither. It is a direct credit against taxes due.</P> Sat, 23 Jan 2021 23:01:09 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-form-5695/01/1821070#M170355 SweetieJean 2021-01-23T23:01:09Z Re: form 5695 https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-form-5695/01/1902751#M179687 <P>How is the form incorporated into my taxes?</P> Wed, 10 Feb 2021 21:47:46 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-form-5695/01/1902751#M179687 DN13 2021-02-10T21:47:46Z Re: form 5695 https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-form-5695/01/1902884#M179703 <P>The form 5695 carries to sch 3 line 5. It is a nonrefundable credit designed to reduce your tax liability.</P> <P>&nbsp;</P> <P>See&nbsp;&nbsp;<A href="https://www.irs.gov/pub/irs-pdf/f5695.pdf" target="_blank">Form 5695 - Internal Revenue Service</A></P> <P>&nbsp;</P> Wed, 10 Feb 2021 22:06:54 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-form-5695/01/1902884#M179703 AmyC 2021-02-10T22:06:54Z