Good news for taxpayers who have been waiting for the IRS to begin processing returns that include Residential Energy Credit (Form 5695), Mortgage Interest Credit (Form 8396), and the General Business Credit (Form 3800).
The IRS began accepting the last group of forms impacted by late tax legislation today, Monday, March 4.
- Residential Energy Credit(Form 5695) – This tax credit may save you up to $500 if you purchased energy efficient windows, doors, roofs, and insulation.
- Mortgage Interest Credit (Form 8396) – Lower income individuals may receive an additional tax credit for part of their home mortgage interest paid.
Most of the other forms are related to business tax credits or tax credits and deductions that impact more complex tax returns. For a complete list of forms please see the IRS list of forms.
Have any of the forms mentioned? If you do, don’t worry. TurboTax is up to date with all tax law changes, so you can file today and feel confident that you will get every tax deduction and credit you deserve.
The IRS began accepting tax returns for the vast majority of taxpayers on January 30. As of today, March 4, the IRS began accepting and processing all 2012 tax returns..
Have a question? Only TurboTax lets you talk to CPAs, IRS enrolled agents, and tax attorneys while you prepare your taxes, free.