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IRS Form 8936 - EV Car Incentive
When will Turbo Tax use the new Form 8936 so that Tesla owners can claim their tax incentive? Turbo Tax uses the old form which makes Tesla not eligible. However, according to IRS, ... the vehicle's manufacturer suggested retail price (MSRP) can't exceed:
- $80,000 for vans, sport utility vehicles and pickup trucks
- $55,000 for other vehicles
This makes Tesla Model 3 new owners eligible.
‎February 12, 2023
11:39 AM