turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

sak3188
New Member

Why isn't my energy tax credit calculating even though I owe taxes?

I have over $10,000 energy tax credit from prior year Form 5695. My current return is showing I owe almost $1,500 and that I do not get the credit. All $10,000+ credit is being carried to next year.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Why isn't my energy tax credit calculating even though I owe taxes?

 Residential Energy Credits are calculated before the self-employment tax. Any excess or carryover credit cannot be applied against the self-employment tax.

View solution in original post

1 Reply

Why isn't my energy tax credit calculating even though I owe taxes?

 Residential Energy Credits are calculated before the self-employment tax. Any excess or carryover credit cannot be applied against the self-employment tax.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies