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can the 2023 energy credit be received in a lump sum?

Why are you not paying the full carryforward amount
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2 Replies
MinhT1
Employee Tax Expert

can the 2023 energy credit be received in a lump sum?

The energy tax credit is a non-refundable credit. It can only reduce your tax liability to zero. The excess is not paid out but carried forward to future years.

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can the 2023 energy credit be received in a lump sum?

When you completed the 2024 Home Energy Credit section of the TurboTax program did you indicate that you had a 2023 credit carryforward (Form 5695 Line 16) and the amount of the carryforward?

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