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January 25, 2023
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solar credits

  • January 25, 2023
  • 1 reply
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installed solar roof.  turbotax applied the credit to my taxes not including social security tax.  this increased my 2023 taxes and my carryover.  is this correct?

    Best answer by DanaB27

    To clarify, after entering your solar information, your refund increased? And you have a carryover credit for 2023 because you have zeroed your tax liability? If yes, this sounds accurate.

     

    Please see Federal Tax Credit for Residential Solar Energy for additional information.

     

     

    1 reply

    DanaB27Answer
    January 25, 2023

    To clarify, after entering your solar information, your refund increased? And you have a carryover credit for 2023 because you have zeroed your tax liability? If yes, this sounds accurate.

     

    Please see Federal Tax Credit for Residential Solar Energy for additional information.

     

     

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    January 27, 2023

    disappointed to learn that solar tax credits cannot be used to offset social security tax,