3491852
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
AmyC
Expert Alumni

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
AmyC
Expert Alumni

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!

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question