topic $7,500 Federal Tax Credit for Purchase of Electric Vehicle in Deductions & credits

$7,500 Federal Tax Credit for Purchase of Electric Vehicle

tjgtaxhelp — Sun, 07 Jul 2019 13:01:35 GMT

In 2019 I am considering leasing an electric car which is eligible for $7,500 tax credit; how is the $7,500 applied to my tax liability of my 2019 taxes (all $7,500 to my 2019 taxes of prorated over the lease term?)

I am trying to determine how much tax benefit i would get. This is a lease.

Re: $7,500 Federal Tax Credit for Purchase of Electric Vehicle

xmasbaby0 — Sun, 07 Jul 2019 13:25:33 GMT

(DUPLICATE QUESTION)

Re: $7,500 Federal Tax Credit for Purchase of Electric Vehicle

Lisa995 — Sun, 07 Jul 2019 18:48:25 GMT

No credit for leases, you must be the original owner and purchase the vehicle.