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Topic ClosedTurboTax and tax credits
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Dave H View Drop Down
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Joined: 11 Sep 2009
Location: Central IL
Points: 3485 		Direct Link To This Post Topic: TurboTax and tax credits
    Posted: 02 Feb 2022 at 11:15am
Confused  I been chasing my tail on a Turbo Ques

I have for years used Turbo on line for filing since we go joint and get the standard deduction.  However this year we had to have a new geothermal unit installed and I got some info about a residential Geo tax credit.

What I would like to know is if the info concerning the tax credit can be included when filing on line.  I don't want to go all the way thru the process and find out the tax credit info cannot be included with/in that version of turbo.

If anyone has any info on my quandary, I would appreciate your assistance.  Thanx,  Dave
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steve(ill) View Drop Down
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Joined: 11 Sep 2009
Location: illinois
Points: 78031 		Direct Link To This Post Posted: 02 Feb 2022 at 2:17pm
I dont know if tax credits can be used with Standard Deductions or not... If you get part way thru the tax form and fill in "tax credit" and it is not acceptable, they will ask you if you want to UPGRADE to the next version ( longer form) ... you dont have to do anything.. just pay a few $$ more.
Like them all, but love the "B"s.
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steve(ill) View Drop Down
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Joined: 11 Sep 2009
Location: illinois
Points: 78031 		Direct Link To This Post Posted: 02 Feb 2022 at 2:23pm
some info...............



https://turbotax.intuit.com/tax-tips/home-ownership/energy-tax-credit-which-home-improvements-qualify/L5rZH56ex





Edited by steve(ill) - 02 Feb 2022 at 2:26pm
Like them all, but love the "B"s.
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steve(ill) View Drop Down
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Joined: 11 Sep 2009
Location: illinois
Points: 78031 		Direct Link To This Post Posted: 02 Feb 2022 at 2:27pm
https://turbotax.intuit.com/tax-tips/home-ownership/energy-tax-credit-which-home-improvements-qualify/L5rZH56ex
Like them all, but love the "B"s.
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Dave H View Drop Down
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Joined: 11 Sep 2009
Location: Central IL
Points: 3485 		Direct Link To This Post Posted: 03 Feb 2022 at 7:51am
Thanks Steve.  I think I am up to the challenge now.

Went thru the tax info folder last night.  Dayum, two 1099's missing.  Couple of phone calls this am and then looking like the snow may stop in time to deal with some of it today.  Smile

Really appreciate it.  Dave
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