1. No, the Chevy Bolt does not qualify for the 2022 EV Tax Credit.
2. Yes, the PA Electric Vehicle Rebate is taxable.
3. Yes, there is a Alternative Fuel Vehicle Refueling Property Credit for the installation of the charger in your home. This is a nonrefundable credit which means it can bring your tax liability down to $0, but will not give you a refund of money other than what you paid in. To apply for this credit in TurboTax select the following:
- Federal
- Deductions and Credits
- Show More next to Cars and Other things you Own
- Start next to Energy Efficient Vehicle Charging Station.
The maximum credit is $1,000 or 30% of the installation cost, whichever is less.
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