3104205
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Federal Tax Credit for High Efficient HVAC System.

Can we still get the $1200 credit if we are getting money back on our Federal Income tax return? It says you have to have income tax liability to get it.  It doesn't mean we have to owe money on our return does it?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
John-H2021
Employee Tax Expert

Federal Tax Credit for High Efficient HVAC System.

Hello Steven,

 

You can still get the credit even if you get a refund. When they talk about tax liability they mean the amount of tax due on your taxable income.

 

Example $10,000 taxable income

Tax liability $1,000

Taxes withheld $1,500

Refund $500

 

Here is an article with the updated amount and details 

https://turbotax.intuit.com/tax-tips/home-ownership/energy-tax-credit-which-home-improvements-qualif...

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question