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Deductions & credits
Maybe.
The Qualified Plug-in Electric Drive Motor Vehicle Credit, Personal use part, on Form 8936, Part III, and the Alternative Fuel Vehicle Refueling Property Credit, on Form 8911, are both non-refundable credits.
They can only apply to offset your tax; if your tax is greater than both credits, they’ll both be applied fully.
If not, they’ll only be applied to the extent of the tax.
The IRS has a specific order in which credits are to be applied to offset tax.
As far as the credits you’re inquiring about, they’re applied to tax in this order:
-
Qualified Plug-in Electric Drive Motor Vehicle Credit, Personal use part, Form 8936, Part III
-
Alternative Fuel Vehicle Refueling Property Credit, Form 8911.
So, after your Form 8936 credit is applied to tax, any amount of tax remaining will be offset by your Form 8911 credit if there’s any tax left to offset.
See the Instructions for Form 8936 and Instructions for Form 8911 for more information.