@malla wrote:
Hi,
I am trying to figure out why I am not getting the full credit for the electric vehicle I bought in 2020. It is an Audi E-Tron and according to all publications and turbo tax, I should be getting $7,500. Turbo Tax is only giving me an $800 credit. My 1040 shows I paid well over $100K in taxes and with very few credits. I deleted the form and tried again and it still is showing an $800 tax credit. My refund is only going up by $800 when it should be going up by $7,500. Your help will be greatly appreciated.
If the credit reduces your tax liability to 0 (zero) then the remaining credit is not used and is not carried forward to the next tax year.
