Dendodds
New Member

Electric Vehicle Credit - Hyundai IONIQ 5

I purchased a new Hyundai IONIQ 5 in November 2022.  It's on the IRS list of vehicles qualifying for the full 2022 $7500 tax credit.  However, the Turbo Tax software returns a zero credit.  I have enough tax expense to cover the credit.  I'm wondering if the software is confused by the new Inflation reduction act.  The IONIQ 5 is not assembled in the USA and would be excluded in 2023 but under the old law it's still covered.  Is anyone else having this problem?