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June 1, 2019
Question

Tax Year Prior to 2020: We replaced our central air and furnace in our home with qualifying products totaling $3700 and we replaced a storm door for $313. Turbo tax says $0 deduction

  • June 1, 2019
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1 reply

June 1, 2019

This is likely because either you used up the lifetime limit in a previous year, or you have reduced your income tax liability to zero. 

The Residential Energy Efficient Property Credit is what is called a "non-refundable" credit which means it will only reduce your tax liability to zero.  Any remainder can be carried forward to the next year. 

 

Can I claim energy efficient appliances or home improvements?

https://ttlc.intuit.com/replies/3300639