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New Member
posted Jan 31, 2024 12:19:22 PM

Is it necessary to file form 5695 residential energy credits if I'm using the standard deduction?

After entering all of my credits and deductions, including form 5695, TurboTax advised that using the standard deduction would be more beneficial. The IRS is still finalizing this form, delaying my return.  Should I delete form 5695 from my filing?

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2 Replies
Level 15
Jan 31, 2024 12:33:04 PM

You must file form 5695 to get residential energy credits. The standard deduction vs. itemized deductions is a totally separate issue and not related to getting the credit with form 5695. 

New Member
Jan 31, 2024 3:41:11 PM

Thank you Roger!

I guess I'll wait until this form is finalized...