topic Can I apply the EV tax credit to the tax balance I owe from previous years? I am paying that balance on an installment agreement. in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/can-i-apply-the-ev-tax-credit-to-the-tax-balance-i-owe-from-previous-years-i-am-paying-that-balance/01/3082839#M1125814 My tax bill from this year will be small.&nbsp;&nbsp;I just bought a qualifying EV, and I'd like to use as much of the $7500 tax credit as I can.&nbsp;&nbsp;Thanks! Tue, 24 Feb 2026 07:09:45 GMT dvb909 2026-02-24T07:09:45Z Can I apply the EV tax credit to the tax balance I owe from previous years? I am paying that balance on an installment agreement. https://ttlc.intuit.com/community/taxes/discussion/can-i-apply-the-ev-tax-credit-to-the-tax-balance-i-owe-from-previous-years-i-am-paying-that-balance/01/3082839#M1125814 My tax bill from this year will be small.&nbsp;&nbsp;I just bought a qualifying EV, and I'd like to use as much of the $7500 tax credit as I can.&nbsp;&nbsp;Thanks! Tue, 24 Feb 2026 07:09:45 GMT https://ttlc.intuit.com/community/taxes/discussion/can-i-apply-the-ev-tax-credit-to-the-tax-balance-i-owe-from-previous-years-i-am-paying-that-balance/01/3082839#M1125814 dvb909 2026-02-24T07:09:45Z Re: Can I apply the EV tax credit to the tax balance I owe from previous years? I am paying that balance on an installment agreement. https://ttlc.intuit.com/community/taxes/discussion/re-can-i-apply-the-ev-tax-credit-to-the-tax-balance-i-owe-from-previous-years-i-am-paying-that/01/3082848#M1125816 <P>No, you can't.&nbsp;&nbsp;</P><P>&nbsp;</P><P>Look at Line 22 on your tax return.&nbsp; The credit can be used to reduce this number by $7500 but it can not go below zero.&nbsp; Whatever can't be used is lost; it can not be used in a future year.&nbsp;</P> Sat, 12 Aug 2023 02:10:19 GMT https://ttlc.intuit.com/community/taxes/discussion/re-can-i-apply-the-ev-tax-credit-to-the-tax-balance-i-owe-from-previous-years-i-am-paying-that/01/3082848#M1125816 NCperson 2023-08-12T02:10:19Z Re: Can I apply the EV tax credit to the tax balance I owe from previous years? I am paying that balance on an installment agreement. https://ttlc.intuit.com/community/taxes/discussion/re-can-i-apply-the-ev-tax-credit-to-the-tax-balance-i-owe-from-previous-years-i-am-paying-that/01/3082856#M1125820 <P>the credit can't be used to pay prior year taxes.&nbsp;</P> Sat, 12 Aug 2023 04:55:14 GMT https://ttlc.intuit.com/community/taxes/discussion/re-can-i-apply-the-ev-tax-credit-to-the-tax-balance-i-owe-from-previous-years-i-am-paying-that/01/3082856#M1125820 Mike9241 2023-08-12T04:55:14Z