Be careful if you have AMT tax carry forward credits Form 8801. Using TurboTax I entered my Plug In Hybrid which qualifies for $4632 tax credit. IRS deducts the Electric car credit from my AMT credit and my tax bill remains the same. The carry forward of AMT credit amount does go higher by the amount of the disallowed Electric car credit. So I might get it some day in the distant future .. if the tax law does not change again! If you have NEVER paid an AMT, you don't need to worry. But if you have, run a TurboTax return and test see if your electric car credit flows through to your final tax liability.
