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Can I use my federal tax credit for solar over 3 or 4 years?? ie: I qualifie for over 11k in tax credits, but my liability this year is only 2615.00

 
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Employee Tax Expert

Can I use my federal tax credit for solar over 3 or 4 years?? ie: I qualifie for over 11k in tax credits, but my liability this year is only 2615.00

Yes, the unused credit will carry forward to future years if you tax liability limits the amount this year. However, it is not yet clear whether you can carry unused credits to years after the solar credit expires.

https://turbotax.intuit.com/tax-tips/going-green/federal-tax-credit-for-solar-energy/L7s9ZiB4D

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Employee Tax Expert

Can I use my federal tax credit for solar over 3 or 4 years?? ie: I qualifie for over 11k in tax credits, but my liability this year is only 2615.00

Yes, the unused credit will carry forward to future years if you tax liability limits the amount this year. However, it is not yet clear whether you can carry unused credits to years after the solar credit expires.

https://turbotax.intuit.com/tax-tips/going-green/federal-tax-credit-for-solar-energy/L7s9ZiB4D

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post