Energy Credit for Heat Pump Replacement

Forum|Forum|2 years ago
October 25, 2023
1 reply
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If I replace my heat pump with one that qualifies under IRS rules for a energy tax credit, do I have to itemize to get it?

Ask the Experts - Extension - Sept 2023

HankR1

Level 2

Hi nrgilley33,

If your purchase is eligible for the Energy Efficient Home Credit, you can claim the credit by following the steps below:

Where do I enter energy credit on TurboTax?

To add or remove this form:

Open or continue your return.
Inside TurboTax, search for this exact phrase including the comma and spaces: 5695, residential energy credit.
Select the Jump to link in your search results.
At the bottom of the Energy-Saving Home Improvements screen, answer Yes, then select Continue.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-qualified-energy-saving-improvements/L5zOedQmN_US_en_US

nrgilley33Author

Level 2

My question is "do I have to ITEMIZE" to qualify for the tax credit?

evelynm

Employee Tax Expert

You do not have to itemize for the credit - it is a credit just like a payment on your tax return.

Have an amazing day. Evelyn M (CPA 20+ years). I would love a thumbs up :) + Mark the post that answers your question by clicking on "Mark as Best Answer".