I bought a new energy efficient HVAC system and it shows that I could get up to $1200 credit. When I put in the cost (over $10000) however it is only giving me $234. Why?

posted

Connect with an expert

1 Best answer

Accepted Solutions

I bought a new energy efficient HVAC system and it shows that I could get up to $1200 credit. When I put in the cost (over $10000) however it is only giving me $234. Why?

The tax credit is limited by your tax liability. It is not a refundable credit. See DOE air conditioners.

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

View solution in original post

3 Replies

I bought a new energy efficient HVAC system and it shows that I could get up to $1200 credit. When I put in the cost (over $10000) however it is only giving me $234. Why?

The tax credit is limited by your tax liability. It is not a refundable credit. See DOE air conditioners.

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

I bought a new energy efficient HVAC system and it shows that I could get up to $1200 credit. When I put in the cost (over $10000) however it is only giving me $234. Why?

Can you please change my user name to NOT reflect my email address?

I bought a new energy efficient HVAC system and it shows that I could get up to $1200 credit. When I put in the cost (over $10000) however it is only giving me $234. Why?

Fixed!

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post