I had the pain of going through multiple tax specialists/advisors with regarding to the EV Charging station credit today. Needless to say, the experience was exhausted.
With the recent update, you can only be qualified for EV charging stations credits if one of the 2 conditions below are met.
- Low-income community census tracts: Census tracts as described in the "low-income community" definition of the New Markets Tax Credit (NMTC) (Internal Revenue Code section 45D).
- Non-urban census tracts: Census tracts defined as "non-urban" according to Treasury/IRS guidance.
I can't tell if my property met one of those conditions. Turbo tax provided a link and instruction how you can find the GEOID of your property. If the 11-digit GEOID is included IRS appendix B, then you should be eligible. My GEOID is included in that list but Turbotax still said that I'm not eligible.
Any guidance is appreciated
