Question

Should I re-file my 2021 taxes since I didn't include the energy saving window installation in my original submission?

Forum|Forum|3 years ago
March 15, 2023
1 reply
0 views

$5000 worth of exterior windows installed and I didn't think to try to get the credit. Is it worth redoing my 2021 taxes for that credit? Will it make much difference?

TurboTax Self Employed Online

M

MayaD

In 2021 the residential energy property credit is limited to an overall lifetime credit limit of $500 ($200 lifetime limit for windows).

The residential energy property credit is nonrefundable. A nonrefundable tax credit allows taxpayers to lower their tax liability to zero but can't be used to increase your tax refund or to create a tax refund when you wouldn't have already had one.

IRS.gov

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