I’m claiming an energy credit refund. Why didn’t my refund go up?
The energy tax credit isn’t a refundable credit that would result in you receiving money. The energy credit is a nonrefundable credit that can only reduce the tax you owe to $0. You won’t receive a refund for any remaining credit amount. Some credits, such as a credit for having a heat pump for example, might carry forward to the next tax year.
If you have Marketplace health insurance, you need to report qualifying life events or risk affecting your coverage and tax credits. Learn more at H&R Block.
Do you owe property in Georgia (GA)? If so, learn more about GA property tax from the experts at H&R Block.
Learn who you can claim as a dependent of your federal tax returns from the tax experts at H&R Block.
What is a qualified tuition plan? Can it impact your tax return? Learn more about this type of savings account and get tax answers at H&R Block.