topic Got an electric vehicle late in the year that qualifies for tax credit but says $0 what is needed to get the credit? in Deductions & credits

Got an electric vehicle late in the year that qualifies for tax credit but says $0 what is needed to get the credit?

skinnynic — Tue, 10 Mar 2026 06:04:37 GMT

i've already checked and my car is on the current list. would the credit be rolled over to next year?

Re: Got an electric vehicle late in the year that qualifies for tax credit but says $0 what is needed to get the credit?

Affordabletaxes2021 — Sat, 24 Sep 2022 12:58:36 GMT

The credit will be the amount of tax liability you have. Anything else rolls over to next year.
the max credit you’ll actually receive is limited to your tax liability for the year.

Re: Got an electric vehicle late in the year that qualifies for tax credit but says $0 what is needed to get the credit?

skinnynic — Sat, 24 Sep 2022 14:45:50 GMT

is there a place I can see what amount will roll over?

Re: Got an electric vehicle late in the year that qualifies for tax credit but says $0 what is needed to get the credit?

Critter-3 — Sat, 24 Sep 2022 15:18:00 GMT

The EV credit does NOT carry forward ... if you cannot use it all in the year of purchase it is simply lost. If this was for your 2021 return then it is too late to do anything about it now.

If you are estimating for the 2022 tax return then you still have time to increase your income by the end of the year ... converting IRA or selling stock are 2 ways to do it.