How do you file taxes for $1500 energy tax credit?

Question

If I were to install a new heat system eligible for the tax credit how do I see that. Do you have to go long form or anything like that?  I need the credit if I get the new heat system.

Judy · Accepted Answer

see http://www.irs.gov/newsroom/article/0,,id=214873,00.html

defibaugh · Answer

No that's no longer what it potential. A nonrefundable federal earnings tax credit once you finished your 1040 tax form to internet site 2 line 40 six and you haven't any federal earnings criminal accountability online 40 six that is decreased by applying any of the nonrefundable federal earnings tax credit that are online 40 seven through line fifty 4 of the 1040 internet site 2 then NO you will no longer qualify to apply any of the nonrefundable credit quantity and NO you won't be receiving a examine from the IRS for the 1500 nonrefundable credit quantity. wish which you detect the above information smart and sorry yet a NONREFUNDABLE federal earnings tax credit can in trouble-free terms be used to offset a federal earnings tax criminal accountability and any extra quantity isn't refunded to you.

tro · Answer

there will be forms, not yet available, for the energy credits,
they will be available on www.irs.gov when they are finally finalized and you will file with your 1040

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How do you file taxes for $1500 energy tax credit?

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