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TurboTax is applying a $500 lifetime limit on Home Energy Credits. Doesn't the new law state that an annual 30% of expenses credit up to $1,200 can be claimed?
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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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