home insulation credit for 2024?

[rickstaxes1]

Why am I not seeing a credit for insulation for 2024 taxes?

I entered $2730 for re-insulating our home in 2024 but on the final credit, it indicates $0.

Why do they even ask if there is no credit?

I understand the credit is for the insulation only and does not include any labor.

Am I missing something?

This is to our main existing home and is not a new construction.

[MindyB]

If you have not completed the rest of your return, this may be why the credit is not appearing. The energy credit is non-refundable, so if you don't have enough income tax being computed, the credit won't be generated. It is available for carryover to future years if you cannot use it this year.  The maximum credit for insulation is 30% of your costs, up to $1,200. So, the credit should be $819, assuming your income tax is $819 or greater.

If you have entered all your income, and still are not getting a credit, be sure you have entered your information in the correct place in TurboTax Online:

1. Upon opening TurboTax, choose Deductions & Credits

2. Locate Your Home 

3. Start/Revisit Home Energy Credits

4. On the Energy Efficient Home Improvements screen, select Yes then Continue. 

5. Answer the next few questions until you get to "Did you have any of these residential energy property costs in 2024?" Insulation is listed here. ‌Select Yes and continue.

6.In the next few screens, ensure that you answer that the home is in the US, you are the original user of the improvements, and that you expect the improvements to remain in use for 5 years, if that is true.

7. Make sure you enter the total cost and answer the questions about ownership and location of the home.

See this article for a summary of the amounts available: Energy Efficient Home Improvement Credit (EEHIC)