I purchased $446 worth of insulation and it should be eligible for a 30% tax credit, but the application is showing $0 that qualify for this credit.
You'll need to sign in or create an account to connect with an expert.
Have you updated your software? The Form 5695 for tax year 2023 was updated on 02/08.
Click on Online and then on Check for Updates
If you have updated your software, if your tax liability is zero the credit cannot be used.
I used the online web application so the application is updated.
@DanCaveman wrote:
I used the online web application so the application is updated.
Look at your Form 1040 Line 18. If Line 18 is 0 the credit cannot be used.
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17632779997
Returning Member
Ak_vg
New Member
mjm77
Level 3
ilian
Level 1
girishapte
Level 3