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Home Energy Credit not up in the Tax Summary?

Hi,

Why is my Home Energy Credit that shows up as allowed in the detailed breakdown not show up in the Tax Summary?

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1 Best answer

Accepted Solutions
Vanessa A
Expert Alumni

Home Energy Credit not up in the Tax Summary?

Yes, that is what it means.  Your forms are accurate, so what you are seeing on your form 5695 and Schedule 3 line 5, is the actual credit you are receiving.  Also, the tax amount you owe is the actual tax amount you owe.  It is just the summary screen does not always populate for some reason.  But, there is an accuracy guarantee of the forms. 

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5 Replies
MayaD
Expert Alumni

Home Energy Credit not up in the Tax Summary?

The Home energy credit is a nonrefundable credit. For nonrefundable tax credits, once your liability is zero, you won't get any amount back as a refund.

Check form 1040 line 22 to see if you have any tax liability. 

 

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Home Energy Credit not up in the Tax Summary?

Form 1040 line 22 is over $11000.

Vanessa A
Expert Alumni

Home Energy Credit not up in the Tax Summary?

Look at your form 5695 to see if you received the credit.  The summary screens are not always complete. 

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Home Energy Credit not up in the Tax Summary?

It is showing up on line 30 of form 5695.  Does this mean that the summary is inaccurate but the credit is in fact calculated or is the tax owed also inaccurate?

Vanessa A
Expert Alumni

Home Energy Credit not up in the Tax Summary?

Yes, that is what it means.  Your forms are accurate, so what you are seeing on your form 5695 and Schedule 3 line 5, is the actual credit you are receiving.  Also, the tax amount you owe is the actual tax amount you owe.  It is just the summary screen does not always populate for some reason.  But, there is an accuracy guarantee of the forms. 

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