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Line16 1040SR

For some unknown reason Turbo Tax put my Residential Energy Credit as my tax liability on line 16  Therefore no taxes were taken out of my refund.  Didn't notice until after I e-filed.  Line 20 shows my Energy Credit again.

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1 Reply
DawnC
Employee Tax Expert

Line16 1040SR

The residential energy credit is limited to your tax liability.   You can't receive the credit back in your refund because it is a non-refundable credit.   You can use the remainder of the credit year if you have a tax liability then.  

 

There are times when you can't take the credit in the current year:

  • Your income is at a level that's not taxed at all.
  • You're getting other tax credits that have reduced your tax owed to zero.

If your credit can be carried forward to next year, we'll do that for you.

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