Skip to main content
Level 2
January 23, 2021
Question

form 5695

  • January 23, 2021
  • 1 reply
  • 0 views

is form 5695 an itemized deduction or a stand alone deduction

1 reply

Alumni - Champ
January 23, 2021

Neither. It is a direct credit against taxes due.

Level 2
February 10, 2021

How is the form incorporated into my taxes?

AmyC
Level 15
February 10, 2021

The form 5695 carries to sch 3 line 5. It is a nonrefundable credit designed to reduce your tax liability.

 

See  Form 5695 - Internal Revenue Service

 

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"