KLHolland
New Member

Deductions & credits

I should be due a electric car $7500 tax credit for my 2020 taxes.  So far, TurboTax says I will owe $1,400 in taxes (above the >$32,000 that I had withheld from my W2).  Why does TurboTax state "We've calculated a credit of $0 for your plug-in electric motor vehicle"?  Or do I have to wait until 2021 tax year?  I don't get it!