2023 Home Energy Credit not seen in 2024 Turbotax desktop for MAC

Forum|Forum|1 year ago
January 26, 2025
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I received a Home Energy Credit in 2023. Data from our 2023 Turbotax file was imported directly into 2024 Turbotax desktop for MAC. Upon examining the Federal Taxes -> Deductions and Credits page, the Home Energy Credits for 2023 is listed as $0 rather than the amount shown on the 2023 return. Why is that?

mglauner

If you were not able to use the calculated amount of your Home Energy Credit in 2023 (income limits, for instance), the amount carries over to 2024.

Look at Line 16 on Form 5695 of your 2023 return for the carryover amount to 2024. The display amounts on the Income Topics page may be incorrect, but this is not an official part of your tax return.

In the TurboTax interview for this section, you are asked about carryovers, where you can enter the amount shown on Line 16 of Form 5695.

Here's more detailed info on the Energy Tax Credit.