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Get your taxes done using TurboTax
<<once the tax credit reduces the the tax liability to zero on the tax return any remaining credit is lost and does not carryover to the next year's tax return>>
What this means is that your tax liabiltiy on Line 18 of Form 1040 can not be reduced below zero. The EV credit will appear on Line 20 of the same form.
‎August 1, 2022
4:25 PM