If you purchased the vehicle on 9/23/25 and put it in service on the same date, you would be eligible (assuming it meets the other criteria) to claim the credit. Please go back and double check yo...
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If you purchased the vehicle on 9/23/25 and put it in service on the same date, you would be eligible (assuming it meets the other criteria) to claim the credit. Please go back and double check your entries to be sure you did enter 9/23/25 for both dates. Below is more information on the credit to verify that you otherwise qualify. If you bought an EV that is on this list prior to September 30, 2025 you may qualify for the NEW EV credit. If eligible, you will get credit for it on your 2025 taxes filed in 2026. In order to receive credit for the EV on your 2025 return, you would need to have bought it prior to September 30, 2025 as the credit was terminated after that date.
Things to remember about this credit:
• It is worth UP to $7,500 depending on the vehicle you purchase. The credit varies per vehicle
• It is a nonrefundable credit. This means it will reduce your tax liability by up to $7,500 but will not result in a negative number or a tax refund of money you did not pay in or have withheld.
• The credit cannot be carried forward
• You can use your income for the year you take delivery or the prior year if your income in the previous year was below the threshold if it is above the threshold in the current year.
• In order to qualify your AGI must be less than:
○ $300,000 if Married Filing Joint
○ $225,000 if Head of Household
○ $150,000 if single or Married Filing Separate
• Vehicle Qualifications are as follows:
○ Vans, SUVS, and Pickup Trucks my have an MSRP of no more than $80,000
○ Other vehicles must have an MSRP of no more than $55,000
The MSRP does not include destination charges, options added by the deal (seal coating, extended
▪warranty, etc.) taxes, fees, or manufacturer discounts or incentives. Basically, it does not matter if you strike a good deal on the vehicle if the Manufacturer says it is worth more than the limit, it does not qualify.
○ Final Assembly must be in North America
○ Click here to enter your VIN to see if your vehicle qualifies
This credit is reported on form 8936 (Clean Vehicles Credits) and flows to Schedule 3 Line 6 which then flows to line 19 of your Form 1040.