Question

Carryforward energy not adding to federal refund

Forum|Forum|3 years ago
January 14, 2023
3 replies
0 views

I had $826 left from last years return that I was hoping to add to this years return, but after going through the steps and TurboTax seeing my carryfoward amount, it added nothing to my federal return. I added in other items after and my federal refund went up so I don't believe I have met a limit yet. What might cause the money to not get applied to my refund?

Critter-3

Did you look at the actual credit form yet to see the carryover from last year and the calculations of the allowed credit this year and any unused portion to carry into last year ? Please do so when you are completely done entering in all your income and deductions.

M

Mike9241

the energy credit is non-refundable so once your liability is reduced to zero, the excess can only be carried forward. on form 5695 look at line 12 if nothing appears the carryforward is missing, line 14 which is the maximum amount than can be used in the current year,

A

andrez132

I am having the same issue. I have over 9k that I'm supposed to get this year and when I fill out all the info it says I qualify for the credit but when it goes back to the credit and deductions summary it still shows $0. Were you able to figure out what is going on?

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LeticiaF1

Updates are still being applied to the software. We recommend updating or logging back into your software tomorrow and then proceeding with filing your tax return.