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Gut check on claiming the EV tax Credit if my AGI is slightly over $300,000
I completed my taxes and my TY 2023 AGI is $304,xxx on 1040 line 11 (married filing jointly) which I thought made me NOT qualify for the $7,500 EV Federal Tax Credit. I went back into TurboTax and decided to input the eligible car, answered the questions, and input the $7,500 credit. TurboTax 2023 Premier Desktop gave me the credit and my refund increased by $7,500. I'm nervous claiming this credit causing an audit. Can someone provide some reassurances that I can claim the credit or was it that TurboTax didn't catch this error? Thank you.
March 9, 2024
11:25 AM