I replaced my oil boiler with a 95% efficiency gas boiler during 2023. TurboTax is only allowing a 10% rebate up to $150 max. Does the IRS allow 30% up to a $1200 max?

227

Level 15

Jan 29, 2024 4:17:25 PM

The Form 5695 Residential Energy Credits for tax year 2023 has not yet been finalized in TurboTax.

The Form 5695 is scheduled to be available in TurboTax on 02/07/2024 (subject to change).

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

Expert Alumni

Jan 29, 2024 4:18:18 PM

The Home Energy Credit Section of TurboTax is not currently up to date. A release updating this section is expected on January 31st. Please come back after that date to enter your Insulation expenses to claim the Home improvement Energy Credit.

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I replaced my oil boiler with a 95% efficiency gas boiler during 2023. TurboTax is only allowing a 10% rebate up to $150 max. Does the IRS allow 30% up to a $1200 max?