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February 19, 2024
Question

How do you fill out form 5695? Also do you receive more or is it only a credit?

  • February 19, 2024
  • 1 reply
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LindaS5247
February 19, 2024

Here is how to enter Form 5695 (Residential Energy Credits) into TurboTax.  (This Form is used to calculate tax credits for energy-efficient improvements and alternative energy equipment.)

 

To add or remove this form:

  1. Open or continue your return
  2. Inside TurboTax, search for this exact phrase including the comma and spaces: 5695, residential energy credit
  3. Select the Jump to link in your search results
  4. At the bottom of the Energy-Saving Home Improvements screen, answer Yes, then select Continue
    • To delete the 5695, answer No, select Continue, and then answer Yes on the following screen to confirm the deletion
  5. Follow the instructions to enter your energy-saving improvement costs

Please note that these credits are non-refundable credits meaning that they can lower your taxes but won’t result in a refund. You may have the opportunity to roll over unused portions of tax credits to future years, allowing you to use them to reduce your future tax liability.



Click here for additional information on Form 5695.

 

Click here for additional information on Rediential Energy Credits.

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