Anonymous
Not applicable

Get your taxes done using TurboTax

Hi @Akram ,

 

EV credit is a non refundable credit which implies you can only claim this credit against any taxes you owe on your tax return.

You may change your W-4 to reduce withholding so that you would owe when you file your 2023 tax return. Then the EV credit can be applied to reduce your tax to $0. The EV credit cannot be received as a refund, it can only reduce the tax you owe to $0.

Below is a helpful link with more details regarding this credit:

What is an electric car tax credit? 

You will see that the credit is dependent on many factors.