TaxGuyBill
Level 15
04-30-2024
10:10 AM
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@EDESP wrote:
Client purchased ... heat pump
AND single stage multi speed ECM 80% gas furnace.
I completed form for $600 tax credit
Have you verified the Heat Pump qualifies for the credit?
An 80% gas furnace does NOT qualify for the credit. For 2023, gas furnaces need to be at least 97% efficient to qualify for the credit.
$600? Is this a 2023 tax return? You may be entering the Heat Pump in the wrong spot. The credit for an electric heat pump is 30%, up to $2000 (not $600).