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Level 1
posted Feb 8, 2021 6:30:58 AM

I qualify for a solar tax credit in 2020. When I fill in the Turbo Tax info, the credit calculates at 30%. I thought 2020 rate was reduced to 26%?? Who is correct??

Looking for clarification on the solar credit rate for 2020???  Turbo tax form is still using the 2019 rate of 30%.   Why???

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1 Replies
Expert Alumni
Feb 8, 2021 7:46:35 AM

The correct deduction is 26% for 2020 solar installations.  In TurboTax online the calculation is 26%.  Are you using a different product?