Home energy credit

Forum|Forum|3 years ago
December 21, 2022
2 replies
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I replaced all exterior windows on my home energy efficient windows for $12200.00. No matter how I input data on the required screens it reflects a credit of $ 0. How can get this data to process for the credit?

Credit

Best answer by NCPERSON1

@LakotaMarine - also, what is on Line 18 of Form 1040..... the energy credit is a 'non-refundable' credit, so Line 22 can't be less than zero. if Line 18 is 0, then there is no credit to be had. worth checking.

Bsch4477

Employee

The form for residential energy credit won’t be available until late January.

https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg

Opus 17

Employee

First, you probably need to wait. That section of the program might not be ready yet.

Second, the maximum credit for window replacement in 2022 is $200. That is also a lifetime limit going back to 2008, and there is a $500 lifetime limit for all energy efficient improvements under this code section (windows, doors, skylights, insulation, air conditioner, furnace). So if you claimed the credit before, you may no longer be eligible.

Unfortunately, the credit for efficient windows is much more generous starting in 2023, but if you installed the windows in 2022, you must follow the old rules.