Hi @opriepm1! The EV credit is a non-refundable tax credit, meaning that you can only benefit from it (or part of it) if you have a tax liability (i.e., the credit can't exceed the amount of tax you owe). In other words, it can't be used to increase your tax refund or to create a tax refund when you wouldn't otherwise have one.
Further, there are modified adjusted gross limits on the EV credit:
- Filing status of Married Filing Jointly: MAGI cannot exceed $150,000
- Filing status of Head of Household: MAGI cannot exceed $112.500
- Filing status of Single or Married Filing Separately: MAGI cannot exceed $75,000
If you exceed those limits, the credit is unavailable.
Neither of these limitations are affected per se by taking advantage of the child tax credit, though it may impact your tax liability.
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