Residential Energy Tax Credits: Changes in 2023

[astridwilson]

I don't see where turbo tax has changed. it still aske if you received a home energy credit in prior years and then reduces it by $500??  

[DoninGA]

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...

[astridwilson]

are there other updates that Turbo Tax will deliver in Feb or later?

[DoninGA]

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@astridwilson wrote:

are there other updates that Turbo Tax will deliver in Feb or later?

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TurboTax cannot finalize the Form 5695 for tax year 2023 until the IRS finalizes the Form 5695 instructions for tax year 2023.  At this time the IRS only has the instructions in draft mode with no indication when it will be finalized and available - https://www.irs.gov/pub/irs-dft/i5695--dft.pdf