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air source heat pump

I installed two air-source heat pumps.  I thought the tax credit was supposed to be 30% of the cost.  Turbotax says that there is only a $300 credit.  Some posts indicated that this may be a bug in Turbotax in that the statute was amended.

What is the correct answer and how do I deal with it?

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1 Reply
MinhT1
Employee Tax Expert

air source heat pump

The tax credit for heat pumps is for a maximum of $300 for tax year 2022.

 

For tax year 2023, the tax credit is 30% of the project cost, up to a maximum credit of $2,000.

 

Please read this Energy Star document and also this one for more information.

 

 

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