1889842
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.

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???
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
DMarkM1
Expert Alumni

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??

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

**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