This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 5695 for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 5695?
A: IRS Form 5695 is a form used to calculate and claim the Residential Energy Credits.
Q: What are the Residential Energy Credits?
A: The Residential Energy Credits are tax credits available for making energy efficiency improvements to your home.
Q: What energy efficiency improvements are eligible for the credits?
A: The eligible improvements include installing energy-efficient windows and doors, insulation, solar panels, and certain heating and cooling systems.
Q: How much are the Residential Energy Credits worth?
A: The amount of the credits depends on the type of improvement and the cost, but can be up to 30% of the cost, with a maximum credit of $500 or $1,200.
Q: How do I claim the Residential Energy Credits?
A: To claim the credits, you need to complete IRS Form 5695 and include it with your annual tax return (Form 1040 or Form 1040NR).
Q: Are there any income limitations to qualify for the Residential Energy Credits?
A: No, there are no income limitations for the Residential Energy Credits.
Q: Are there any other requirements for claiming the Residential Energy Credits?
A: Yes, the improvements must be made to your primary residence, and they must meet certain energy efficiency standards.
Q: Can I claim the Residential Energy Credits for improvements made to a rental property?
A: No, the Residential Energy Credits are only available for improvements made to your primary residence.
Q: Can I claim the Residential Energy Credits for improvements made in a previous year?
A: Yes, you can amend a previous year's tax return to claim the credits if you did not claim them originally.
Form Details:
Download a fillable version of IRS Form 5695 through the link below or browse more documents in our library of IRS Forms.