Skip to main content
February 3, 2024
Solved

I installed a heat pump which should qualify for the $2000 tax credit from the Inflation Reduction Act (IRA) but the credit is capped at $300. Is this being fixed?

  • February 3, 2024
  • 1 reply
  • 0 views
No text available
Best answer by DoninGA

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...

1 reply

DoninGA
DoninGAAnswer
Employee
February 3, 2024

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...