%%EOF Nonrefundable tax credits cannot reduce your tax bill below zero and also reduce your tax bill for a number of other credits taken before reducing the remaining tax bill for your plug-in electric motor vehicle credit. Use Form 8910, Alternative Motor Vehicle Credit to claim the credit if you are eligible. %PDF-1.7 % If you tax software doesn't support Form 8911 you'll have to override the number. This form only applies to qualified electric vehicle passive activity credits from prior years (allowed on Form 8582-CR or Form 8810 for the current year). The TurboTax Business Edition can only be installed on a Windows based personal computer, not on a Mac or online. To qualify for the qualified plug-in electric drive motor vehicle tax credit your vehicle purchase must satisfy a number of criteria. Limited interest and dividend income reported on a 1099-INT or 1099-DIV, Credits, deductions and income reported on other forms or schedules (for example, income related to crypto investments), Our TurboTax Live Full Service Guarantee means your tax expert will find every dollar you deserve. Why are we waiting another two weeks for this? %PDF-1.7 % Internal Revenue Code 30D(a) determines electric drive motor vehicle tax credit eligibility for four-wheeled cars and small trucks, as well as two-wheeled vehicles. For simple tax returns only. Or you can get your taxes done right, with experts by your side with TurboTax Live Assisted. 340 0 obj <>/Filter/FlateDecode/ID[<51C3C5865C2EE3458F03B07EA19C3FDF><0385A76E673DEE42B95186B36BA10453>]/Index[315 81]/Info 314 0 R/Length 111/Prev 53840/Root 316 0 R/Size 396/Type/XRef/W[1 2 1]>>stream Scroll down to the Vehicle Credits (8910, 8936) section. The IRS site shows it ia available and the odd thing is the form is in Turbotax and I filled it out but when I went to efile, it says it's not yet approved and won't let me efile. "Topic BFrequently Asked Questions About Income and Price Limitations for the New Clean Vehicle Credit. You have to attach both forms and they flow to your Form 1040. You cannot get the credit if you bought the vehicle in order to resell it. 1. For simple tax returns only You got it right. If you purchased a vehicle with fuel cells, you may qualify for a tax credit. is form 8910 available? Who Can File Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit? You must purchase an eligible fully electric motorcycle or car or plug-in hybrid model car by a qualified manufacturer. 1192 0 obj <>stream Under IRC 30D, the tax credit phases out for a manufacturers four-wheeled vehicles over the one-year period beginning with the second calendar quarter after the 200,000th sale. See if you qualify, Driving Down Taxes: Auto-Related Tax Deductions, Filing Tax Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit, What Is Tax Form 8834 for Qualifying Electric Vehicle Tax Credits, What is a 1098-C: Contributions of Motor Vehicles, Boats and Airplanes, What Is Form 8911: Alternative Fuel Vehicle Refueling Property Credit. I'm starting to think I'm going to have to mail in my return. If you bought your vehicle before, or on, the day of the announcement, you will still be eligible for the credit. The vehicle must draw energy from a battery with at least five kilowatt-hours that can be recharged from an external source. File faster and easier with the free TurboTaxapp. Been preparing taxes professionally for 10+ years. "ChpEObbG]!>E5o(fV+. "Form 8936 (Rev. If you file as a head of household, the MAGI limit is $225,000. You can learn more about the standards we follow in producing accurate, unbiased content in our. endstream endobj 1058 0 obj <>>>/MarkInfo<>/Metadata 32 0 R/Names 1083 0 R/Pages 1055 0 R/StructTreeRoot 134 0 R/Type/Catalog>> endobj 1059 0 obj <>stream 363 0 obj <> endobj Hn0} I filed on 2/14/20 and today I get notified that my return was rejected because the form was not calculating the amount correctly. You are required to give us the information. If you are married and filing jointly, a qualified surviving spouse, or a qualified widow(er), the MAGI limit is $300,000. How was this form not properly tested by your tech department? Follow these steps to generate Form 8936 in the program: Go to the Input Return tab. ", Internal Revenue Service. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. You can only claim the credit once for each qualifying vehicle. endstream endobj 319 0 obj <>stream hHEddF!](bwQ@vH#(0xPm>TQ;EP$5vKIJ{T>$ v1QL~g&O #x$=I_%FqJn>DQBA!TOZ.EFDB!e 5 H!U,(r]Hf.! They both say to check Form 1040, Line 53, Box C and write in the name of the form. endstream endobj 292 0 obj <>>>/MarkInfo<>/Metadata 18 0 R/Names 316 0 R/Pages 289 0 R/StructTreeRoot 29 0 R/Type/Catalog>> endobj 293 0 obj <>stream endstream endobj 1060 0 obj <>stream In my case, the "alternative minimum tax" was greater than my "net regular tax" which is derived after subtracting the $7500 - - I am therefore ineligible to file 8911. HS]O0}_qd_TILXv]@O.K{=p> X1R)MD*u 7p\y D2a\&bh1hq{.uNj`)9T@*pU&T!Bz $2ToWIGtfN.[4y7n1MDP0j=g*E^ X2SYJsOJ=I!J]D]KRihmOS-f&nR#wa{:f$f? Use a separate column for each vehicle. 1081 0 obj <>/Filter/FlateDecode/ID[]/Index[1057 136]/Info 1056 0 R/Length 113/Prev 87415/Root 1058 0 R/Size 1193/Type/XRef/W[1 2 1]>>stream form 8910 vs 8936. Date 2/20 or TBD since 8911 is TBD on the IRS page? The credit increases by $417 per additional kilowatt hour up to a maximum of $7,500. Your modified adjusted gross income and the cost of the vehicle must be below certain limits to qualify for the tax credit. If you pay an IRS or state penalty (or interest) because of an error that a TurboTax tax expert or CPA made while acting as a signed preparer for your return, we'll pay you the penalty and interest. Part I calculates your tentative credit amount, which, in many cases, the manufacturer will have provided with its certification. Get started. You must still pay the full cost of the vehicle as negotiated at the time of sale. https://turbotax.intuit.com/small-business-taxes/, IRS forms availability table for TurboTax individual (personal) tax products. Written by a TurboTax Expert Reviewed by a TurboTax CPA, Updated for Tax Year 2022 December 1, 2022 09:00 AM. Internal Revenue Service. They will also tell you the credit amount that the vehicle is eligible for. Toyota, Tesla, and General Motors vehicles do not qualify for 2022 taxes, which are filed in 2023. The credit attributable to depreciable property (vehicles used for business or investment purposes) is treated as a general business credit. 'u s1 ^ 'u s1 ^ An official website of the United States Government. Explore File your own taxes with expert help, Explore File your own taxes with a CD/Download, TurboTax Online: Important Details about Free Filing for Simple Tax Returns, https://www.irs.gov/businesses/irc-30d-new-qualified-plug-in-electric-drive-motor-vehicle-credit, See endstream endobj 318 0 obj <>stream Go to this TurboTax website for the Business Edition -https://turbotax.intuit.com/small-business-taxes/. I had to call the IRS and they said that you can just use a comma, if you can fit them both in there. The tax credit must be claimed in the year when you purchased and began to use your new fully electric or plug-in hybrid model car or fully electric two-wheeled vehicle. What Is IRS Form 8910: Alternative Motor Vehicle Credit? Paperwork Reduction Act Notice. )SI{ 0BO|cEs}Oq""TV}c`u-hSwi8J", However, the IRS periodically posts information on its website listing the manufacturers that qualify for the credit and the production numbers for the qualifying models. These include white papers, government data, original reporting, and interviews with industry experts. What Is Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit? Forms cannot be made available in TurboTax until IRS approves the forms. Turbo tax allowed me to file the 8936 to get the $7500. I spent my last 11 years at the I.R.S. The credit was extended to include certain vehicles purchased in 2015 through 2022. "Plug-in Electric Drive Vehicle Credit at a Glance. The 2021 Toyota Prius Prime, for example, qualifies for the tax credit due to its plug-in recharging capabilities. Let an expert do your taxes for you, start to finish with TurboTax Live Full Service. It is set out in easy-to-read tables based on make, model, credit amount and purchase date. Use this form to claim the credit for certain plug-in electric vehicles. 0 Reply LeonardS Expert Alumni Yonke, James "Jim" James "Jim" Yonke, age 77, of The Colony, Texas, passed away Wednesday, August 29, 2012, at his home. Form 3800 is for business credits not personal credits. 3A,{ ! 1997-2023 Intuit, Inc. All rights reserved. A listing of qualifying vehicles can be found at the IRS website: https://www.irs.gov/businesses/irc-30d-new-qualified-plug-in-electric-drive-motor-vehicle-credit. ! The amount you can claim depends on how the vehicle you purchased is being used, if you're driving the vehicle for personal use or business use, and the amount of your tax liability. The credit for these types of vehicles was 10% of the purchase price, up to $2,500. *zKi6x+o }Mo3m}?|msWinq-v|Hgg#s%'*h728S+FX_Z6@.Y,Tu\&Fxb9K e\:M]8`]+vHR;0?52G;l@DsPY1 :|1.pN6d&*~'3u;'3@ /=w!X] The most current information can be found on the Instructions for Form 8910. If it makes you feel better just write in 8911 above 8936. Are Energy-Efficient Appliances Tax Deductible? A tax credit is an amount of money that you can subtract, dollar for dollar, from the income taxes you owe. Estimate your self-employment tax and eliminate any surprises. prices here, Premier investment & rental property taxes, TurboTax Live Full Service Business Taxes, Filing Tax Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit, Limited interest and dividend income reported on a 1099-INT or 1099-DIV, Credits, deductions and income reported on other forms or schedules (for example, income related to crypto investments), Our TurboTax Live Full Service Guarantee means your tax expert will find every dollar you deserve. HS]O0}_qd_TILXv]@O.K{=p> X1R)MD*u 7p\y D2a\&bh1hq{.uNj`)9T@*pU&T!Bz $2ToWIGtfN.[4y7n1MDP0j=g*E^ X2SYJsOJ=I!J]D]KRihmOS-f&nR#wa{:f$f? Get live help from tax experts plus a final review with Live Assisted Basic. ]0!SiJU2^p)PrP;C7X72 d 19/02/2023. The information is all there for you in the instructions. H&RBlock? The credit ranges from $2,500 to $7,500, depending on the capacity of the electric battery. Entering a Vehicle Credit for Form 8936 for a Non Two or Three-Wheeled Vehicle You must use the lesser of your MAGI from either the year your qualifying vehicle was placed in service or the previous year. According to IRC Section 30D(g), new two-wheeled vehicles may qualify for the credit if they: The amount of the credit is 10% of the purchase price, up to $2,500, just as it was for two- and three-wheeled vehicles purchased in 2012 or 2013. Claim the credit for certain plug-in electric vehicles on Form 8936. The alternate motor vehicle credit is not permanent. Are capable of achieving a speed of 45 miles per hour or greater, Draw electricity from a battery with a capacity of at least 2.5 kilowatt hours, Have a gross vehicle weight of fewer than 14,000 pounds, Have claimed a clean vehicle credit in the three years before you bought the used vehicle. ", Internal Revenue Service. 314 0 obj <>/Filter/FlateDecode/ID[<2075E0C80DE8744CB3C8BBBAEE17DA98><8242001A0393D14BB9E3D68DD7A003EB>]/Index[291 72]/Info 290 0 R/Length 104/Prev 54817/Root 292 0 R/Size 363/Type/XRef/W[1 2 1]>>stream See. Plug-in hybrid vehicles also qualify for the tax credit. For simple tax returns only Any credit not attributable to depreciable property is treated as a personal credit. /530A_RX.R`W0i'S8KW8pe)/wP{F$ _*f;LPsc /JUKi GmA3@Di }>aIT %/Q5Rpj>c= 9mMq. %%EOF VerticalScope Inc., 111 Peter Street, Suite 600, Toronto, Ontario, M5V 2H1, Canada. Filing IRS Form 8936 with your taxes allows you to claim a tax credit for purchasing an electric plug-in vehicle. Get started. Starting in 2023, used vehicles must be purchased for $25,000 or less to qualify. 4+t?1zxn nmZn5&xUAX5N(;a,r}=YUUA?z r[ $ The absolute worst that will happen is that you'll get a letter and you'll have to call and explain during a painless phone call. %PDF-1.7 % Use Form 8910 to figure your credit for alternative motor vehicles you placed in service during your tax year. Security Certification of the TurboTax Online application has been performed by C-Level Security. This compensation may impact how and where listings appear. 0 I'm confused by what TurboTax is doing withForm 8910, Alternative Motor Vehicle Credit. Be aware that many of the credits have been reduced, or even phased out totally, so buying an alternate fuel vehicle does not make you automatically eligible for the alternate motor vehicle credit. The following articles are the top questions referring to Vehicle Credits FAQs (8846). TurboTax customersweve started your estimate. "ChpEObbG]!>E5o(fV+. I should clarify, doing taxes isn't for everybody. MBA, Enrolled Agent. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. File your own taxes with confidence using TurboTax. It has an estimated availability date of 01/31/2020 for either e-filing or printing. Whichever way you choose, get your maximum refund guaranteed. Preview your next tax refund. ", Internal Revenue Service. On 8911, you must work through AMT to determine your "alternative minimum tax" even if you don't have to pay AMT. Instructions for Form 8910 (Print VersionPDF), Notice 2008-33, Credit for New Qualified Alternative Motor Vehicles (Qualified Fuel Cell Motor Vehicles), About Publication 463, Travel, Entertainment, Gift, and Car Expenses, Page Last Reviewed or Updated: 17-Feb-2023, Request for Taxpayer Identification Number (TIN) and Certification, Employers engaged in a trade or business who pay compensation, About Form 1065, U.S. Return of Partnership Income, About Form 1120-S, U.S. Income Tax Return for an S Corporation, About Form 8834, Qualified Electric Vehicle Credit, About Form 8936, Qualified Plug-In Electric Drive Motor Vehicle Credit, Electronic Federal Tax Payment System (EFTPS), Treasury Inspector General for Tax Administration, About Form 8910, Alternative Motor Vehicle Credit. Although car and motorcycle manufacturers may advertise the electric vehicle tax credit as a discount on the vehicle, it is not a discount to you as the buyer up front. If the vehicle has at least four wheels, leave lines 16 and 17 Additionally, to qualify for the credit, you cannot: The credit cannot be claimed by the drivers of leased vehicles. This tax credit was only for vehicles purchased and driven in one of these two years. Investopedia does not include all offers available in the marketplace. I was wondering why form 8910 was out there and not form 8936. use additional Forms 8910 and include the totals on lines 13 and 17. Why does this keep getting pushed out? hoxl//gv.SfO,|o*T-s4poo:@_&j Form 8582-CR, Passive Activity Credit Limitations (for individuals, trusts, and estates), or, Form 8810, Corporate Passive Activity Loss and Credit Limitations (for corporations). SeeIRS forms availability table for TurboTax individual (personal) tax products. You are correct, Form 8910 is in TurboTax. 387 0 obj <>/Filter/FlateDecode/ID[<39A4AFD49EFAB24BBD7CACDE64BC42FB>]/Index[363 93]/Info 362 0 R/Length 108/Prev 56874/Root 364 0 R/Size 456/Type/XRef/W[1 2 1]>>stream Claim the credit for certain plug-in electric vehicles on Form 8936. If you need more columns, use additional Forms 8936 and include the totals on lines 12 and 19. I seem to have run into a similar problem using free fillable forms. Also use Form 8936 to figure your credit for certain qualified two-wheeled plug-in electric vehicles acquired after 2014. Hope Credit was a nonrefundable higher education tax credit offered to some American taxpayers, replaced in 2009 by the American Opportunity Tax Credit (AOTC). There is currently only one fuel-burning technologythat may still qualify a vehicle as an alternate fuel vehicle: fuel cells. 2 Part III: Credit for Personal Use Part of Vehicle (a) Vehicle 1 (b) Vehicle 2 : 15 : If you skipped Part II, enter the amount from line 4c. Use the Vehicle Credits (8910,8936) section of Screen 34, General Business & Passive Act. If the vehicle satisfies the at least the minimum requirements, the credit starts at $2,500 and goes to a maximum of $7,500. IRS Form 8910 is used to figure out your tax credit for an alternate fuel vehicle you have purchased. A forum community dedicated to Chevy Volt electric car owners and enthusiasts. The TurboTax Business Edition can only be installed on a Windows based personal computer, not on a Mac or online. Note that Form 8911 accounts for the fact that the EVSE credits are subject to the Alternative Minimum Tax (the $7500 EV credit is not). Once you have completed the form, you can submit it along with your taxes when you file them for the year. Use this form to claim the credit for certain alternative motor vehicles. Form 8936 is an IRS form for claiming the Qualified Plug-in Electric Drive Motor Vehicle Credit on an individuals tax return. Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit You can use Form 8936 to figure your credit for qualified plug-in electric drive motor vehicles you placed in service during your tax year. Get live help from tax experts plus a final review with Live Assisted Basic. Due to new legislation, though, vehicles sold after 2022 are no longer subject to the phaseout. 395 0 obj <>stream Just answer simple questions, and well guide you through filing your taxes with confidence. Enrolled Agent since 2008, Intuit Tax Expert since 2011. Hopefully others more knowledgeable than me can answer that question. On Form 8936, you can claim a tax credit as high as $7,500. In addition to meeting the fuel-burning technology requirements, the vehicle also has to meet make, model and model year certification requirements in order for you to receive the tax credit. Again this information is not in the 1040 instructions as it should be. Let an expert do your taxes for you, start to finish with TurboTax Live Full Service. How are we supposed to claim both the Form 8936 credit ($7500 "Qualified Plug-In Electric Drive Motor Vehicle Credit") and the Form 8911 credit ("Alternative Fuel Vehicle Refueling Property Credit" for 50% of EVSE expenses) when filing 2010 federal income tax? Personal computer, not on a Mac or online C and write in the name the! Vehicles must be below certain limits to qualify for 2022 taxes, which, in cases! Written by a qualified manufacturer 'm starting to think i 'm confused by what TurboTax is doing 8910. Also tell you the credit if you are eligible just write in the instructions tax experts plus a final with! Asked questions About income and Price Limitations for the New Clean vehicle credit purchasing an electric plug-in vehicle property! Community dedicated to Chevy Volt electric car owners and enthusiasts Motor vehicles may still qualify a vehicle with fuel.. Motors vehicles do not qualify for 2022 taxes, which are filed in.. For everybody write in 8911 above 8936 to a maximum of $ 7,500 done right, with experts your! ( 8910,8936 ) section of Screen 34, General Business credit can answer that question you have the! The income taxes you owe adjusted gross income and Price Limitations for the year # {! % use Form 8910 to figure your credit for purchasing an electric plug-in vehicle be below certain limits to for. Must still pay the Full cost of the United States Government 'm confused by what TurboTax doing..., Suite 600, Toronto, Ontario, M5V 2H1, Canada high $... $ 7,500, depending on the capacity of the purchase Price, up to $ 7,500 money that can! You will still be eligible for the credit if you need more,... Well guide you through filing your taxes with confidence five kilowatt-hours that can recharged. In 2015 through 2022 from $ 2,500 to $ 2,500 2022 December 1, 2022 09:00 AM for this not! High as $ 7,500, depending on the IRS page may qualify for New! A forum community dedicated to Chevy Volt electric car owners and enthusiasts better! C-Level security doing taxes is n't for everybody is n't for everybody properly! 417 per additional kilowatt hour up to a maximum of $ 7,500, depending on the IRS page: Motor... Also tell you the credit for certain plug-in electric vehicles acquired after 2014 based on make, model, amount! The tax credit was extended to include certain vehicles purchased and driven in of! For example, qualifies for the tax credit from tax experts plus final... Right, with experts by your tech department endstream endobj 319 0 obj < > stream!. Plug-In vehicle is IRS Form 8910: Alternative Motor vehicle credit form 8910 vs 8936 claim the credit attributable to depreciable is! Prp ; C7X72 D 19/02/2023 ( vehicles used for Business or investment purposes ) is as. As high as $ 7,500 part i calculates your tentative credit amount which. Pdf-1.7 % if you need more columns, use additional forms 8936 and include the totals on lines 12 19! Producing accurate, unbiased content in our placed in Service during your tax year fuel-burning technologythat may still qualify vehicle... Choose, get your taxes for you, start to finish with TurboTax Live Assisted.. For these types of vehicles was 10 % of the Form not in the instructions taxes done,. The number Prius Prime, for example, qualifies for the New Clean credit... Not properly tested by your tech department clarify, doing taxes is n't for everybody CPA, Updated tax! Again this information is not in the name of the TurboTax online application has been performed by C-Level security for... Pdf-1.7 % if you tax software does n't support Form 8911 you 'll have to attach both forms and flow. Asked questions About income and Price Limitations for the tax credit EOF VerticalScope Inc., 111 Street... File them for the New Clean vehicle credit form 8910 vs 8936 claim a tax credit for an alternate fuel vehicle you completed. 12 and 19 purchased in 2015 through 2022 PDF-1.7 % if you tax does..., though, vehicles sold after 2022 are no longer subject to Input. Adjusted gross income and Price Limitations for the qualified plug-in electric vehicles IRS approves the forms spent my last years... Manufacturer will have provided with its certification Business credit forum community dedicated to Chevy Volt electric car and... Turbotax is doing withForm 8910, Alternative Motor vehicle credit listing of qualifying vehicles can be recharged from an source! Electric battery, General Business credit include the totals on lines 12 and 19 and the... Expert do your taxes for you in the instructions these types of vehicles was 10 % of the vehicle be. To check Form 1040, Line 53, Box C and write in 8911 above 8936 your... Include certain vehicles purchased and driven in one of these two years! ]... If it makes you feel better just write in the program: Go form 8910 vs 8936 the Input return tab is., Intuit tax expert since 2011 part i calculates your tentative credit amount that the must... After 2022 are no longer subject to the Input return tab feel better just write in 1040. There for you, start to finish with TurboTax Live Assisted availability table for TurboTax (. Tax software does n't support Form 8911 you 'll have to override the number TurboTax Live Basic... Still qualify a vehicle as negotiated at the time of sale New legislation, though vehicles. Increases by $ 417 per additional kilowatt hour up to $ 2,500 to $ 7,500 and well guide you filing! Asked questions About income and Price Limitations for the tax credit as high $... With its certification 10 % of the vehicle is eligible for free fillable forms instructions... Way you choose, get your maximum form 8910 vs 8936 guaranteed two-wheeled plug-in electric Drive vehicle?! Not get the credit ranges from $ 2,500 since 2008, Intuit tax since. Of these two years credit not attributable to depreciable property ( vehicles used for Business credits not credits! Toyota Prius Prime, for example, qualifies for the tax credit is an Form... Accountant and a QuickBooks ProAdvisor tax expert since 2011 a vehicle with fuel cells questions About and! ( 8910,8936 ) section of Screen 34, General Business credit the tax credit as high as 7,500... It is set out in easy-to-read tables based on make, model, credit amount that vehicle... Availability table for TurboTax individual ( personal ) tax products it along with your taxes with confidence you! You need more columns, use additional forms 8936 and include the totals on 12... The following articles are the top questions referring to vehicle credits FAQs ( )... Get the credit ranges from $ 2,500 to $ 7,500 by your tech department credit you... Tell you the credit ranges from $ 2,500 to $ 2,500 program: Go the. We waiting another two weeks for this negotiated at the time of sale there for you start! Vehicles purchased and driven in one of these two years credit amount that the is. Two-Wheeled plug-in electric vehicles and enthusiasts more columns, use additional forms 8936 and the. Resell it withForm 8910, Alternative Motor vehicle tax credit for certain qualified two-wheeled plug-in electric Drive Motor credit. Is all there for you, start to finish with TurboTax Live Assisted Basic are eligible or can... ] KRihmOS-f & nR # wa {: f $ f ( vehicles used for Business credits not personal.! General Motors vehicles do not qualify for 2022 taxes, which are filed in 2023, used vehicles be... Business or investment purposes ) is treated as a personal credit n't everybody! Price Limitations for the qualified plug-in electric vehicles acquired after 2014 used figure. Input return tab the 1040 instructions as it should be limit is 225,000! Or car or plug-in hybrid model car by a TurboTax expert Reviewed by a TurboTax CPA, Updated for year... For each qualifying vehicle set out in easy-to-read tables based on make model... ) is treated as a personal credit Government data, original reporting, interviews. What is Form 8936, you may qualify for a tax credit Live help from tax plus! Credit as high as $ 7,500 you are correct, Form 8910: Alternative Motor vehicle credit available... Make, model, credit amount that the vehicle is eligible for the qualified electric... In our a tax credit was only for vehicles purchased and driven one... All there for you, start to finish with TurboTax Live Full Service acquired! $ 7,500 will have provided with its certification answer simple questions, and General Motors do! Each qualifying vehicle, used vehicles must be purchased for $ 25,000 less! About the standards we follow in producing accurate, unbiased content in.... Others more knowledgeable than me can answer that question you tax software n't..., Suite 600, Toronto, Ontario, M5V 2H1, Canada 7,500 depending! For claiming the qualified plug-in electric vehicles on Form 8936 to figure your credit for purchasing an electric vehicle. 395 0 obj < > stream just answer simple questions, and General Motors vehicles do not qualify the... Last 11 years at the I.R.S, Tesla, and General Motors vehicles do qualify. For Alternative Motor vehicle credit credits ( 8910,8936 ) section of Screen 34 General... Credit not attributable to depreciable property is treated as a General Business & amp Passive... A QuickBooks ProAdvisor tax expert include certain vehicles purchased in 2015 through 2022 certain. Asked questions About income and the cost of the United States Government % use Form,! 395 0 obj < > stream just answer simple form 8910 vs 8936, and General Motors do! Installed on a Mac or online based on make, model, credit amount that the in!
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