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Level 1
posted Dec 14, 2023 9:31:38 AM

Where do I enter my heat pump purchase for my up to $2000 (or 30% project cost) credit that is specified in the Inflation Reduction Act?

I only see a 10% or $300 result in the "Home Energy Credits" section

0 3 470
3 Replies
Level 15
Dec 14, 2023 9:41:01 AM

I believe that section has not been updated  yet.  There are many many updates to come.  Keep checking.  Most IRS forms are not ready yet.  The IRS has to finalize them and approve the Turbo Tax forms.  

Level 1
Dec 14, 2023 10:01:58 AM

That makes sense - it's still rather early. 

Level 15
Dec 14, 2023 10:04:43 AM

Form 5695 Residential Energy Credits for tax year 2023 is scheduled to be available in TurboTax on 01/10/2024

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