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October 30, 2024
Question

We recently installed a heat pump. We normally get a Fed’s refund. Will there be a line for heat pump installation on the federal form, and if so can that be added to our federal tax refund?

  • October 30, 2024
  • 2 replies
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    2 replies

    DoninGA
    Employee
    October 30, 2024
    marctu
    October 30, 2024

    Most of this information comes from here:  Air Source Heat Pumps Tax Credit 

     

    This credit is effective for products purchased and installed between January 1, 2023, and December 31, 2032.   Heat pumps are either ducted or non-ducted (mini-splits).  Eligibility depends on whether you live in the north or south. 

     

    If the system is ducted the eligibility is as follows;

     

    South: All heat pumps that have earned the ENERGY STAR label

    North: Heat pumps designated as ENERGY STAR Cold Climate that have an EER2 ≥ 10

     

    For the ductless look at the map on the page.


    To find this in Turbo Tax follow these steps found here: How do I add or remove Form 5695? 

    Thank you for the question @Eikr 

     

    All the best,

     

    Marc T.

    TurboTax Live Tax Expert

    27 Years of Experience Helping Clients

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