Residential Clean Energy Credit Delay Carryfoward?

Forum|Forum|11 months ago
April 13, 2025
1 reply
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I have excess residential clean energy credits that can be carried forward to reduce tax burdens. However, for 2024 I don't have any tax liabilities that a standard deduction doesn't already cover.

My question is can I save the credits carried forward from last year for 2025 or future years when it's necessary? I'm referring to Form 5695 lines 14 and 15 - can I put $0.

AmyC

The Instructions for Form 5695 state:

Complete the following worksheet to figure the amount to enter on line 14.

Line 16

If you can't use all of the credit because of the tax liability limit (that is, line 14 is less than line 13), you can carry the unused portion of the credit to 2025.

File this form even if you can't use any of your credit in 2024.

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