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Where on TurboTax do we file Federal Heat Pump tax credit?

Forum|Forum|2 years ago
February 1, 2024
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On https://www.energystar.gov/about/federal_tax_credits/air_source_heat_pumps, I understand we can file for a federal tax credit for qualified heat pumps. I am unable to figure out where on TurboTax I can enter this information. Please help.

Best answer by ThomasM125

You may have to answer that the home is your home in the US, the improvements were made to your main home, and that the improvements weren't related to the construction of your main home:

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ThomasM125

You need to enter your heat pump information in the Deductions and Credits section, then Your Home, then Home Energy Credits. On the screen that says Tell us How You Paid for Energy-Saving Improvements, choose the category Energy-Efficient Building Property.

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OliKat168Author

Hello. I'm currently using TurboTax Premiere 2023 version and I do not see that option.

My only options are:

- Solar electric costs

- Solar water heating costs

- Small wind energy property

- Geothermal heat pump property

- Biomass fuel property

- Fuel cell property costs (for your main home)

- Kilowatt capacity of fuel cell property

That's the only items I see on this page.

DoninGA

@OliKat168 You passed the page where you enter your cost for the Heat Pump. Click on the back button until you land on the page shown in the answer above on this thread.

The screen is labeled - Tell Us How Much You Paid For Energy-Saving Improvements

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Cdp33

I received an email that form 5695 is ready, but when I log in, it says it is not ready.

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LeticiaF1

Updates are still being applied to the software. We recommend updating or logging back into your software tomorrow and then proceeding with filing your tax return.