form 5695
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cav503
Level 1

form 5695

is form 5695 an itemized deduction or a stand alone deduction

3 Replies
SweetieJean
Level 15

form 5695

Neither. It is a direct credit against taxes due.

DN13
New Member

form 5695

How is the form incorporated into my taxes?

AmyC
Employee Tax Expert

form 5695

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

 

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