Question

I’m claiming an energy credit refund. Why didn’t my refund go up?

Answer

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.

Related Topics

Related Resources

Will Depreciation Affect A Tax Deduction?

Will depreciation affect an itemized deduction? Learn more from the tax experts at H&R Block.

What is Tennessee Property Tax?

Get your Tennessee property tax questions answered from the experts at H&R Block.

Standard Mileage Deduction Vs. Actual Expenses

Should you take the standard mileage deduction or claim actual expenses? Learn more from the tax experts at H&R Block.

Claim Standard Deductions And Donations

Can you claim deductible charitable contributions if you have already taken a standard deduction? Learn more from the tax experts at H&R Bloc