tjgtaxhelp
Returning Member

$7,500 Federal Tax Credit for Purchase of Electric Vehicle

In 2019 I am considering leasing an electric car which is eligible for $7,500 tax credit; how is the $7,500 applied to my tax liability of my 2019 taxes (all $7,500 to my 2019 taxes of prorated over the lease term?)

I am trying to determine how much tax benefit i would get.  This is a lease.