Question

Home Energy Credit is incorrect. Should be $300 (according to https://www.energystar.gov/about/federal_tax_credits/water_heaters_non_solar) but only get $150.

Forum|Forum|7 years ago
June 5, 2019
1 reply
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I installed a qualifying water heater in 2016, and the credit should be $300, but TurboTax doesn't seem to properly factor in that credit from form 5695 and instead indicates credit would only be $150. Waiting to complete my filing until I have a better understanding of what I should do. Thanks!

TurboTax Deluxe Online

M

mvw1Author

I figured out the answer to my own question. Basically it came down to entering the amount on the correct line. After the following sequence of steps/answers:

Federal Taxes > Deductions & Credits > All Tax Breaks > Your Home > Home Energy Credits

Yes, I made energy-efficient improvements or have a carry forward.

No, the home is mine.

Yes, my home is in the U.S.

Yes, the improvements were made to my main home.

No, the improvements weren't related to the construction of my main home.

- I was then presented with these options under which to enter the amount spent on the qualifying hot water heater and its installation:

Exterior Doors

Exterior Windows

Metal or Asphalt Roof

Insulation Material or System

Energy-Efficient Building Property