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katokulon
New Member

Where do I enter skylights?

The cap for skylights is different than windos and doors but there is no line specifically for skylights.
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2 Replies

Where do I enter skylights?

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...

LindaS5247
Expert Alumni

Where do I enter skylights?

 

The Form 5695, on which these credits are calculated is not finalized yet.

Please check back and make sure to run all of your updates when you open your TurboTax program.

Qualified expenses and credit amounts

To qualify, home improvements must meet energy efficiency standards. They must be new systems and materials, not used. Some improvements have specific credit limits as follows.

Building envelope components

To qualify, building envelope components must have an expected lifespan of at least 5 years. Qualified components include new:

  • Exterior doors that meet applicable Energy Star requirements. Credit is limited to $250 per door and $500 total.
  • Exterior windows and skylights that meet Energy Star Most Efficient certification requirements. Credit is limited to $600 total.
  • Insulation and air sealing materials or systems that meet International Energy Conservation Code (IECC) standards in effect at the start of the year 2 years before installation. For example, materials or systems installed in 2025 must meet the IECC standard in effect on Jan. 1, 2023. These items don't have a specific credit limit, other than the maximum credit limit of $1,200.

Labor costs for installing building envelope components don't qualify for the credit. 


TurboTax will generate a Form 5695 (Home Energy Credit) by doing the following:

To generate Home Energy Credits (Form 5695) on your tax return.
 

 

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Under Your Home
  • On Home Energy Credits click on the start or update button

Form 5695 is used to calculate residential energy credits.


Click here for additional information on Form 5695.

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