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New Member
posted Jun 6, 2019 10:44:46 AM

My energy tax credit should be 11,491 but is only using 1,543 this year and carring over 9,948. why don't I get it all this year?

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1 Best answer
Level 7
Jun 6, 2019 10:44:48 AM

Its because it is a non-refundable credit.  This means the credit is limited to your tax liability after certain other credits are applied.  So, the credit can reduce your current year tax liability to zero (which helps you get a bigger refund from other sources), but it will not directly add the remainder to your refund.  You have to carry forward the remaining amount of your credit to future years.

1 Replies
Level 7
Jun 6, 2019 10:44:48 AM

Its because it is a non-refundable credit.  This means the credit is limited to your tax liability after certain other credits are applied.  So, the credit can reduce your current year tax liability to zero (which helps you get a bigger refund from other sources), but it will not directly add the remainder to your refund.  You have to carry forward the remaining amount of your credit to future years.