If you own an all-electric or hybrid plug-in motor vehicle, you might qualify for a clean vehicle credit. The credit ranges from $2,500 to $7,500.
The size of your car’s battery determines how much money you may receive. Typically, the larger the battery, the larger the credit. For some models, the credit amount can fall well below $7,500.
Note: The Inflation Reduction Act of 2022 changed the Qualified Plug-in Electric Drive Motor Vehicle Credit to the Clean Vehicle Credit.
To find the clean vehicles section in TurboTax:
- Open your tax return and select Search at the top of the page.
- Enter Form 8936 in the search bar and select Jump to Form 8936 from the results.
We’ll ask you questions about your car to see if you qualify. For qualification details, see Clean vehicle tax credits on the IRS website.
