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tamiba
New Member

Can you suppress CTC to get full solar credit

Is there any way to suppress the Child Tax Credit to get full Solar Tax Credit? Unfortunately sales people giving tax advice and now client can't understand why they are not getting all 30% of solar cost ($12,000) in their refund.

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1 Reply
DawnC
Employee Tax Expert

Can you suppress CTC to get full solar credit

No, and you don't want to do that because the solar credit will carry over to future years.   If you can't use all of the credit because of the tax liability limit (that is, line 14 is less than line 13), you can carry the unused portion of the credit to 2025.

 

File this Form 5695 even if you can't use any of your credit in 2024.

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