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New Member
posted Feb 6, 2024 3:13:54 AM

Will we get a credit if we installed a new central air conditioning unit? I do not see how to claim a tax credit? Does such a credit exist?

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1 Replies
Expert Alumni
Feb 6, 2024 6:40:22 AM

Yes, you may qualify for a credit up to $600. For qualifying central air conditioners installed in your primary residence between January 1, 2023, and December 31, 2032, you can claim a tax credit of 30% of the total project with a max benefit of $600.

 The credit is a nonrefundable credit. A nonrefundable credit can only  decrease or eliminate your tax liability. You will not receive a tax refund for any amount that exceeds your tax liability.

 

However, the 2023 Form 5695 Residential Energy Credits is scheduled to be available in TurboTax on 02/07/2024.

 

Energy Efficient Home Improvement Credit

It takes some time to incorporate IRS forms into TurboTax. While they may be available from the IRS on a given date, we need a few days to make the forms available for use in TurboTax.

Tax form availability