AmyC
Expert Alumni

Deductions & credits

The PHEV credit goes against your tax liability. If you have no tax liability, you would not receive credit. The credit is not refundable, you don't get more back than your tax liability. Therefore, your minimum income would be whatever creates a tax liability.

 

For example:

Tax liability is $1,000

max PHEV would be $1,000

 

See Instructions for Form 8936

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