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T
teddurant
February 2, 2024
Question

The Inflation Reduction Act increased credits for Residential Energy. Why hasn't TurboTax updated to allow the new maximum credits for Residential Energy Credit?

  • February 2, 2024
  • 1 reply
  • 0 views
The credit was formerly capped at $500 but has now been increased substantially. Why is TurboTax not updated to recognize these new credits? This makes a significant difference in my return.

1 reply

DoninGA
DoninGA
Employee
February 2, 2024

The Form 5695 Residential Energy Credits for tax year 2023 has not yet been finalized in TurboTax.

The Form 5695 is scheduled to be available in TurboTax on 02/07/2024 (subject to change).

Go to his TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...

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