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Energy efficient 2010 tax credit

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2010 Energy Efficient Tax Credit not crediting me on Turbo Tax or H&R Block?
We bought a brand new Central Air system through Sears in 2010. We had it installed and were told that it qualifies for the $1500 tax credit. We tried doing our taxes through Turbo Tax and that automatically fills out the 5695 Form for us, but it is not crediting us that $1500. It says all 0's. We then tried H&R Block and it does the same thing. Can anyone tell me why it is zero ing it out instead of appearing to be crediting us the amount? We paid $8998 for the system and if fully qualifies for the credit! Help Please!!!! I do owe taxes, and my taxable income is not zero. No foreign tax credit, no child care, no education credits, and no elderly or disabled. So there is no reason for me to not qualify for this tax credit. We have the paper that states we will get a $1500 tax credit. And even the lady at Turbo Tax said that sounded right, but she was not able to tell us why the system was not giving it to us. Could it be if you take the earned income tax credit then you can't get this credit?

I suspect it's zeroing it out because you don't owe any taxes to begin with. This is a NON-refundable credit. If your taxable income is $0, Even if your taxable income isn't zero, the credit is a low priorty one, falling AFTER the foreign tax credit, child care, education credits, retirement savings credit and the credit for the elderly and disabled. If your tax bill had already been reduced to zero, you get nothing.
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Is the tax credit for energy-efficient home updates still available?
If I get a new hi-efficiency furnace, new windows/doors, etc., can I take a tax credit for my 2010 Federal income taxes? What are the restrictions? What is the credit limit? I heard something about $1500 for windows. Can I take $1500 for windows/doors, and another $1500 for the furnace, or is the limit $1500 total for everything?

Yes. It is still available until the end of the year. you can get deduction for 30% of your cost and up to $1500.
How can i claim a tax credit for an energy efficient washer and dryer bought in 2010?


You can't. They are not eligible.
If I install a energy efficient heat system in my house this week, what tax credit am I eligible for?
I am getting a new system in my house this week. Value is 5,300.00. What tax credit can I get, and can I claim it on my taxes for 2009 (the ones I am about the file?). Or will I have to wait and file for my 2010?

Latest news
You Can Still Get Tax Credits For Investments In Energy-Efficient ...
You Can Still Get Tax Credits For Investments In Energy-Efficient ...
... equipment expired in 2010 ... The amount of the tax credit available from the government ... credits are available on the most energy ...

Claim home energy tax credits for 2010
Claim home energy tax credits for 2010
... dollar-for-dollar offset of any tax due. 2010 credit expanded For the 2009 and 2010 tax years, the energy-efficient home improvement credit was...

IRS Federal Energy Efficient Tax Credits for Home & Residential
IRS Federal Energy Efficient Tax Credits for Home & Residential
Of course the IRS Federal Energy Efficient Tax Credit program has specific requirements and you will have to ... 1 2009, and December 31 2010 can

Action Line: IRS offers tax credits for making homes, autos more ...
Action Line: IRS offers tax credits for making homes, autos more ...
... improvements to their homes or purchased energy-efficient products in 2010 could qualify for tax credits. ... Credit: This special tax credit ...

IRS offers tax credits for making homes, autos more energy efficient
IRS offers tax credits for making homes, autos more energy efficient
... improvements to their homes or purchased energy-efficient products in 2010 could qualify for tax credits. ... Credit: This special tax credit ...

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