Why is the home energy credit tax break tool not pulling up 30% of what I spent on "Furnaces powered by natural gas, propane or oil" when I file?

Forum|Forum|2 years ago
January 29, 2024
1 reply
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I spent $4850 for a new natural gas furnace in 2023. I was hoping to get $600 back [the max for line 24b on form 5695], but it's only pulling up a $150 tax break. What could be causing that?

TurboTax Deluxe Online

Best answer by xmasbaby0

Click Review to see if you are missing some forms needed in order to e-file.

Many federal and state forms are not yet available. Check here for form availability. The dates are subject to change.

Tax form availability tool,

The IRS will begin to accept/reject 2023 e-files on January 29. And….a state return cannot be accepted until after the IRS accepts your federal return.

xmasbaby0Answer

Employee

Click Review to see if you are missing some forms needed in order to e-file.

Many federal and state forms are not yet available. Check here for form availability. The dates are subject to change.

Tax form availability tool,

The IRS will begin to accept/reject 2023 e-files on January 29. And….a state return cannot be accepted until after the IRS accepts your federal return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**