Heat Pump deduction for 2024

First, make sure you have completed the rest of your return. The energy credit is non-refundable, so if you don't have enough income tax being computed, the credit could be limited.

Next, let's revisit the entry, and make sure the expenses are listed in the correct place, because some other energy-efficient improvements have lower credits available. You would have needed to spend at least $6,667 on the heat pump to receive the maximum credit of $2,000.  The available credit is 30% of the cost, not to exceed $2,000.

1. Upon opening TurboTax, choose Deductions & Credits

2. Locate Your Home 

3. Start/Revisit Home Energy Credits

4. On the Energy Efficient Home Improvements screen, select Yes then Continue. 

5. Answer the next few questions until you get to Did you have any of these residential energy property costs in 2024? Heat pumps are listed here.  Select Yes and continue.

6. Make sure you enter the total cost and answer the questions about ownership and location of the home.

See this article for a summary of the amounts available: Energy Efficient Home Improvement Credit (EEHIC)