While you can't write-off the cost of the roof you put on your main home, it may qualify for an energy credit if it meets Energy Star certification (click this link for details: Roofing products). You'll enter the cost of the roof under Tell Us How Much You Paid for Energy-Saving Improvements. (Click the screenshot below for reference.)
To enter your energy-efficient roof in TurboTax:
- Open (continue) your return in TurboTax Online. (If your return isn't open, you'll need to sign in, click Take me to my return, then click Pick up where I left off.)
- Click My Account (top right of your screen).
- Select Tools.
- In the pop-up window, select Topic Search.
- In the search bar, type 5695.
- In the results box, highlight 5695, residential energy credit, then click GO.
- Follow the onscreen instructions to complete this section. Be sure to click the Learn more link if you have any questions.
- After you enter the cost of your roof and answer the corresponding questions, TurboTax will determine if you qualify for an energy credit.
Note: If using the TurboTax CD/Download software, you'll use the Find function (instead of "My Account") to search for the topic.
The Nonbusiness Energy Property Credit has a lifetime total combined limit of $500, so if you have claimed the credit in a prior year your 2016 deduction may be reduced. See IRS Instructions for Form 5695, Residential Energy Credits for more information.
Can I claim energy-efficient appliances or energy-saving home improvements?
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