MichaelG81
Expert Alumni

Get your taxes done using TurboTax

No, the EV credit is up to $7,500 Form 8936, a EV charger is up to $1,000 Form 8911. Also, all credits are added up before figuring the EV charger credit on Form 8911. Calculating all credits includes the EV Car Credit (up to $7,500) if you purchased one too. If your credits before claiming the Form 8911, Alternative Fuel Vehicle Refueling Property Credit are more than your tax on line 16 of your 1040, then you will lose the credit or it'll show zero. It takes into account additional credits like the CTC or Child Tax Credit (Schedule 8812), Home Energy Credits, Retirement Savings Credits, carry forwards, ‌all added together first. And, if credits are more than your tax (TMT), you will unfortunately lose the credit from Form 8911 EV Charger, it won't‌ carry forward.


 

 See Form 8911, pay attention to Part III on how it's calculated for personal use, if using a desktop ‌version you can get this information from your Forms Mode in Form 8911. Again, if other credits including solar and others add up to more than your tentative tax, you will lose credit forever, according to current guidance. Remember, you received a 7,500 EV credit; this is a dollar for dollar reduction or credit on tax due, alone, not including the Standard Deduction or other possible credits like solar or carry-forwards calculated first as guided by Form 8911.



@Skagrawal 
 

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