Energy Efficient Home Improvement Credit

[mazerrnm]

The TurboTax version for 2023, and which is available now, appears to wrongly calculate the Energy Efficient Home Improvement Credit.  It does not appear to correctly apply the following credit:

• 2023 through 2032: 30%, up to a maximum of $1,200 (heat pumps, biomass stoves and boilers have a separate annual credit limit of $2,000), no lifetime limit.

I installed both an electric heat pump and new insulation and the credit calculated was much less than what would be available by applying the above formula. 

Am I missing something or is this a matter that the TurboTax 2023 version has not yet been updated to reflect this regulation?

[Anonymous_]

You're probably going to need to wait for a new release (update). Some components of the program are not yet complete.

[DoninGA]

Form 5695, Residential Energy Credits for tax year 2023 is scheduled to be available in TurboTax on 01/10/2024.

Go to this TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...

[mazerrnm]

Thanks for the feedback!