The Eligible Single-Family Residence Tax Credit would have been claimed on your 2009 Georgia return. In order to claim the unused credit on your 2012 return, you must have purchased the home between June 1, 2009 and November 30, 2009 and claimed the credit in 2009 through 2011.

The credit amount is the lesser of 1.2 percent of the purchase price of the eligible single-family residence or $1,800.00. The amount of the tax credit that may be claimed and allowed in a single taxable year cannot exceed the lesser of 1/3 of the credit or the taxpayer’s income tax liability. This means a maximum of $600 may be claimed each year. Any unused tax credit can be carried forward but cannot be carried back.

To enter your 2012 carryover/unused credit:

1. From within your TaxACT return (Online or Desktop) click on the State Q&A tab and then click Georgia right below the blue tabs
2. Click Credits to expand the section and click Tax credits from Form IND-CR 
3. Click Yes and continue to the screen titled Georgia – Eligible Single-Family Residence Tax Credit

For more information regarding this credit, please refer to GA DOR Informational Bulletin CRED-2010-1-25.