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April 10, 2023
Question

Does anyone know how to find the energy credit in turbo tax?

  • April 10, 2023
  • 1 reply
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Turbo tax was easier to use in the past. does anyone know how I can access the energy credit section? I installed foam insulation on primary house I think it might qualify.

1 reply

April 10, 2023

Insulation is an item that you can use for energy credit as long as it meets the criteria listed below.

 

From the IRS:

  • Insulation materials or systems and air sealing materials or systems: must meet the criteria established by the International Energy Conservation Code (IECC) standard in effect at the start of the year that is two years prior to the year the materials or systems are placed in service. For example, materials or systems placed in service in 2025 must meet the criteria established by the IECC standard in effect on January 1, 2023, to qualify for the Energy Efficient Home Improvement Credit in 2025.

To enter the energy credit:

In your return

  • Go to Federal
  • Choose Deductions and Credits
  • Scroll to Home-energy Credits and Click Add
  • Choose Yes on next page for Energy-Savings Home Improvements
  • Answer the questions about your living arrangements and Continue
  • On the next page, Tell Us How Much You Paid for Energy Savings Improvements, add amount in the Insulation box

 

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