topic Electric Vehicle tax credit: 1)Are leased vehicles eligible? 2)Do I qualify for any credit if the cost of our vehicle was greater than the $55,000 MSRP Requirement? in Deductions & credits

Electric Vehicle tax credit: 1)Are leased vehicles eligible? 2)Do I qualify for any credit if the cost of our vehicle was greater than the $55,000 MSRP Requirement?

Meridian8904 — Tue, 03 Feb 2026 07:32:43 GMT

Re: Electric Vehicle tax credit: 1)Are leased vehicles eligible? 2)Do I qualify for any credit if...

Vanessa A — Fri, 28 Feb 2025 13:58:01 GMT

1)Are leased vehicles eligible? NO. Only purchased vehicles are eligible for the EV Credit.

2)Do I qualify for any credit if the cost of our vehicle was greater than the $55,000 MSRP Requirement? Yes. The credit is based on the MSRP, NOT the price you actually pay. If it was a van, SUV or Pickup Truck, then yes, the amount is up to $80,000. If it was anything else, then the $55,000 MSRP applies.

Re: Electric Vehicle tax credit: 1)Are leased vehicles eligible? 2)Do I qualify for any credit if...

Meridian8904 — Sat, 01 Mar 2025 18:25:01 GMT

That (e.g. no credit for leased vehicles) settles it then. Thanks for the response and info Vanessa!