why does turbo tax not want my solar tax credit carry over from 2023 going towards a 2024 tax credit?

Forum|Forum|1 year ago
January 24, 2025
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why does turbo tax want my solar tax credit carry over from 2023 going towards a 2025 tax credit instead of 2024?

DoninGA

Employee

The credit is carried forward until it can be completely used. If not totally used on the 2024 tax return the remainder is carried forward to the2025 return.

gloriawas45Author

It's only a $228 carry forward from 2023. Why can't I use it in 2024? I have no other solar or disaster credits.

SteamTrain

Employee

It is possible that your 2024 tax return shows no tax liability to apply the Credit to. So, if your Federal tax assessed is already a zero, then there is nothing to apply the credit to, and it carries over to next year.

Of course, that could change if you haven't entered all your income into your tax return file yet.

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Note: It may not be your situation, but those with Self-Employment income cannot reduce their SS and Medicare taxes with the solar credit.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*