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January 22, 2025
Question

can the 2023 energy credit be received in a lump sum?

  • January 22, 2025
  • 2 replies
  • 0 views
Why are you not paying the full carryforward amount

    2 replies

    January 22, 2025

    The energy tax credit is a non-refundable credit. It can only reduce your tax liability to zero. The excess is not paid out but carried forward to future years.

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    DoninGA
    Employee
    January 22, 2025

    When you completed the 2024 Home Energy Credit section of the TurboTax program did you indicate that you had a 2023 credit carryforward (Form 5695 Line 16) and the amount of the carryforward?