Deductions & credits


@Woodchucked wrote:

Sorry to dredge this thread up again... question about the Tax Credit for EV Home Chargers.

 

Does the Federal Tax Credit cover the purchase of the EV charger AND the installation? Or only the installation? 

 

I purchased the charger myself, and then gave it to the installer to install. It would be nice to know if I can get 30% on both the charger and install.

 

Thank you for any advice!


See IRS Form 8911, Alternative Fuel Vehicle Refueling Property Credit (2020 Draft) - https://www.irs.gov/pub/irs-dft/i8911--dft.pdf

 

The credit for all property placed in service at your main home is generally the smaller of 30% of the
property’s cost or $1,000.