topic I have inputted my electric vehicle VIN etc for the qualifying credit and it shows up but not in total refund, why? in Get your taxes done using TurboTax

I have inputted my electric vehicle VIN etc for the qualifying credit and it shows up but not in total refund, why?

elizggalicia — Wed, 11 Feb 2026 10:59:53 GMT

I owe more than $7500 so why wouldn't the credit be applied to my refund?

Re: I have inputted my electric vehicle VIN etc for the qualifying credit and it shows up but not in total refund, why?

xmasbaby0 — Fri, 27 Dec 2024 21:43:03 GMT

A credit it applied toward the tax you owe and reduces the amount you need to pay. The EV credit is not a refundable credit---you do not get it as a $7500 refund.

Re: I have inputted my electric vehicle VIN etc for the qualifying credit and it shows up but not in total refund, why?

VolvoGirl — Fri, 27 Dec 2024 21:55:34 GMT

Does it show up on 1040 line 20 (from Schedule 3 line 6i)? That is a non-refundable credit. It can only reduce the tax to zero and not create a refund. Then you will get back any withholding taken out, estimates paid and any refundable credits.