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There are questions regarding the calculation of the Form 8911, Alternative Fuel Vehicle Refueling Property Credit and who qualifies for the personal part of this credit. The most common reason taxpayers do not qualify for this credit is that the calculation of regular tax after credits compared to Tentative Minimum Tax results in the credit being disallowed based on the amounts in the taxpayer(s) return. This is due to IRS instructions for this form.
The Form 8911 for personal installations is calculated based on certain requirements and calculations:
The following requirements must be met to qualify for the credit.
You placed the refueling property in service during your tax year.
The original use of the property began with you.
The property isn’t used predominantly outside the United States.
The property must be installed on property used as your main home.
The personal credit calculations are as follows:
Line 1 Cost of the refueling property For personal use, skip lines 2-9.
Line 10 equals Line 1
Line 11 equals Line 10 times 30%
Line 12 equals $1,000 (unless you moved during the tax year and installed a refueling property at both residences, then the maximum is $2,000)
Line 14 is your regular tax before credits
Line 15 a and b are credits which reduce regular tax before the Form 8911 credit
Line 15c equals a and b total.
Line 16 is line 14 minus Line 15c (remaining regular tax after tax credits)
If this is zero or less, you do not qualify for a personal 8911 credit
Line 17 equals Tentative Minimum Tax
(Even if you do not have to pay Alternative Minimum Tax, the Tentative Minimum Tax is part of this calculation. Turbo Tax does this calculation for you.)
Line 18 equals Line 17 from Line 16.
If this is zero or less, you do not qualify for a personal 8911 credit.
Form 8911
Instructions Form 8911
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