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January 28, 2025
Question

Energy Credit Carryover

  • January 28, 2025
  • 2 replies
  • 0 views

I received an actual payout last year, via tax refund, for my energy credit. It delayed the receipt of the funds because of the credit. Not all was applied to last year, but I was told it would carryover to this year. NOW I'm being told the remaining credit is NOT actually going to be paid to me, but it will go towards offsetting a tax bill. I don't owe any taxes this year. Where is the additional money? 

    2 replies

    DoninGA
    January 28, 2025

    Who told you this?

    January 28, 2025

    One of the Turbo Tax employees on the chat. 

    DoninGA
    January 28, 2025

    @phantom14_1978 wrote:

    One of the Turbo Tax employees on the chat. 


    No one from TurboTax knows if you have taxes owed from a prior tax year.  Have no idea who would have told you that from TurboTax.

     

    If you had a credit carryover then you have to enter that amount in the Home Energy Credits section.

    February 28, 2025

    In 2023, From 5695, line 16: (mine is nothing) This is the amount to carryforward to 2024.