Solved: Re: I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

DoninGA · ‎February 7, 2024

@Smithrx The date the form would be finalized was wrong. TurboTax updates the software on Thursdays. Check back tomorrow, 02/08.

shafer0219 · ‎February 7, 2024

That's funny because Turbo Tax sent me an email a few hours ago stating everything was ready to go and to log in an complete it. They don't even know what the hell is going on.

DTally · ‎February 7, 2024

Today, 2/7/2024, I received a text from TurboTax that Form 5695 is now available and I could continue working on my filing. I'm using the online version of TurboTax. I tried... It's still showing a credit higher than the allowable amount. The maximum should be $2,000 for a qualifying heat pump (AC/Heating.) I followed the instructions to delete that Form and start over. It still calculated the wrong amount, which is 30% of the cost I specified... which is more than $2,000. I can't file until this is corrected. Why did I receive a text saying the form was available now when it doesn't look like its calculating correctly? Don't know...

mesquitebean · ‎February 7, 2024

@ DTally wrote:
Today, 2/7/2024, I received a text from TurboTax that Form 5695 is now available and I could continue working on my filing. I'm using the online version of TurboTax. I tried... It's still showing a credit higher than the allowable amount. The maximum should be $2,000 for a qualifying heat pump (AC/Heating.) I followed the instructions to delete that Form and start over. It still calculated the wrong amount, which is 30% of the cost I specified... which is more than $2,000. I can't file until this is corrected. Why did I receive a text saying the form was available now when it doesn't look like its calculating correctly? Don't know...

Unfortunately, if you're referring to an email about Form 5695, that went out prematurely based solely on the date in an automated system. I wish they wouldn't send the notices until the green checkmarks actually appear in the table below. While the programming of the form may be ready, the program may not actually update until the end of the day or overnight when TurboTax does its weekly updates, usually early Thursday AM. You can use this table to check on it. A green checkmark will appear in the table next to the form once available.

Forms Availability Table

Smithrx · ‎February 7, 2024

I was finally able to file my tax return, let's hope goes to the next phase without issues. Looks like the Form 5695 issue was resolved, I didn't have a heat pump to report.

Jmdenver01 · ‎February 7, 2024

So, this entire thread is about the heat pump credit but you don't have one but report the issue is resolved? (It isn't) shill much?

shafer0219 · ‎February 7, 2024

It's resolved. I was able to complete my return with a qualified heat pump.

Nbower · ‎February 7, 2024

I just added my heat pump info and it worked. All good for now.

Now to try and resolve other issues.

Smithrx · ‎February 7, 2024

I had other energy efficient upgrades to report. Don't shill at all.

Nance59 · ‎February 8, 2024

I just went back on Turbotax and entered my information for my heat pump and it's saying I get a $953 credit - it's supposed to be $2000!!! What the hell? Is the form 5695 updated or not?

shafer0219 · ‎February 8, 2024

It's working just fine now. I was able to complete mine with no issues. Your doing something wrong.

Nance59 · ‎February 8, 2024

Yes I received the wrong amount too!! This is ridiculous - then the longer you wait to file with turbotax the more it cost

DoninGA · ‎February 8, 2024

@Nance59 wrote:

I just went back on Turbotax and entered my information for my heat pump and it's saying I get a $953 credit - it's supposed to be $2000!!! What the hell? Is the form 5695 updated or not?

Look at your tax return. Is the tax liability zero? If so the credit reduced your credit to zero and the remaining credit is not used.

Nance59 · ‎February 8, 2024

Did it give you the full $2000 for the heat pump?? Because I just went on and it's giving me only $923?

Nance59 · ‎February 8, 2024

I owed $700 so it is now giving me a refund of $223 - subtracting the $700 from $923 credit there giving me. The credit should be $2000

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I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

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I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

I'm trying to get the $2000 tax credit for the heat pump water heater. But I do not see an option for that. I looked through all the Energy saving section.

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