JulieS
Employee Tax Expert

Deductions & credits

Your figures don't add up, but what I think you are asking is, will your EV Motor Vehicle Credit (Form 8936) increase your refund dollar for dollar?

 

The answer to that is, it depends.

 

This a nonrefundable credit. That means if your  tax liability is $1000 and you get a a Form 8936 credit for $3750, that will reduce your taxes to $0. In that case you would get a refund of the amount of tax that was withheld. 

 

In other words, your tax liability would have to be at least $3750 to get the full benefit of this credit. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"