Hello Turbo Tax Premier Developers,
RE: ENERGY CREDIT FOR CENTRAL AIR INSTALLED IN 2023
I am totally disappointed with Turbo Tax. And, I am beginning to lose confidence in your product. Purchased your Premier recently as I need to make a final advance payment to the IRS by Jan 16, 2024 for 2023. My Energy Credit is calculating as zero for a new Central Air unit installed in 2023.
The same situation continues to be prevalent in the Community with your software each year whereby the Energy Credit calculation computes to zero. One would think that the situation would have been resolved.
Hoping for an explanation and a fast resolution to my situation. Thank you!
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The energy credit forms are not ready yet.
Click Review to see if you are missing some forms needed in order to e-file.
Many federal and state forms are not yet available. Check here for form availability. The dates are subject to change.
No hurry to e-file since the IRS will not begin to accept/reject 2023 e-files until January 29.
This following is also sometimes an issue...though it may not apply to you:
One other thing that people run into, is that they fail to enter any income first...i.e. no credit is received until they actually have enough income entered to create a tax liability...for which the Credit can be used.
Yeah, the form 5695 hasn't been finalized yet, so even if you put the energy improvement in, it might not calculate the right energy credit......or none at all. Depends on how far behind the software is.....but until the final forms are updated in the software...nothing can be confirmed as being right or wrong.
Early birds just have to do a few manual calc estimates on their own.....Sorry...just the way it is Every Year.
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