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Level 1
posted Oct 25, 2023 10:01:10 AM

Energy Credit for Heat Pump Replacement

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?

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3 Replies
Employee Tax Expert
Oct 25, 2023 10:23:01 AM

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:
  1. Open or continue your return.
  2. Inside TurboTax, search for this exact phrase including the comma and spaces: 5695, residential energy credit.
  3. Select the Jump to link in your search results.
  4. 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

Level 1
Oct 25, 2023 10:28:14 AM

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

Employee Tax Expert
Oct 25, 2023 2:14:55 PM

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