The EV Credit has a phase-out period when your income reaches a certain amount. For married filing joint returns, the income limit is $300,000. When your income exceeds the limit, your credit starts to be reduced.
You can review your return forms to see the amount of credit you will be receiving by following these steps:
- Click Tax Tools from the left side panel
- Click Tools
- Click View Tax Summary
- Click Preview my 1040 from the left side panel
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