topic EV Charger tax credit income limit in Tax law changes

EV Charger tax credit income limit

scottbalakb — Fri, 31 Jan 2025 23:44:53 GMT

Turbo Tax believes there is an income limit for EV Charger installation tax credit eligibility. My geo census is on the list, but the software values my credit at $0 because my joint income is above $150k. The chat bot says the upper limit for Married filing jointly is $150k. I have searched the web + IRS.gov and I can't collaborate any limit from any source. I'm wondering if this is a bug, because TurboTax has a poor history of getting this form correct.

Re: EV Charger tax credit income limit

IsabellaG — Thu, 06 Feb 2025 00:52:15 GMT

I have replicated your situation in TurboTax and do not find any AGI limitation on a Energy-Efficient Charging Station. Please respond with more details so I can understand what you are experiencing.

Re: EV Charger tax credit income limit

scottbalakb — Sun, 09 Feb 2025 18:37:28 GMT

I can't figure out why my credit is zero. Then I asked the TurboTax chat bot if there were income limits. The bot said yes.....but clearly on the form there are no limits. This is why I think there's a bug in the software. Why would the bot think there is an AGI limits where there clearly are not?

Re: EV Charger tax credit income limit

BrittanyS — Mon, 10 Feb 2025 20:58:57 GMT

I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:

TurboTax Online:

Sign into your online account.
Locate the Tax Tools on the left-hand side of the screen.
A drop-down will appear. Select Tools
On the pop-up screen, click on “Share my file with agent.”
This will generate a message that a diagnostic file gets sanitized and transmitted to us.
Please provide the Token Number that was generated in the response.

TurboTax Desktop/Download Versions:

Open your return.
Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
This will generate a message that a diagnostic copy will be created. Click on OK and the tax file will be sanitized and transmitted to us.
Please provide the Token Number (including the dash) that was generated in the response.

*(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)

Re: EV Charger tax credit income limit

marcrgrenier — Tue, 11 Feb 2025 14:42:54 GMT

I'm having a similar issue, we installed an EV charger and based on what I can see on my forms we have taxes due at about $12k after deductions so I should qualify for an EV charger rebate ($5299 total cost to install). My house is not on the 2015 list but is on the 2020 list. My token # is 13563577615108759-89388198.

No spaces @BrittanyS

Re: EV Charger tax credit income limit

mesquitebean — Tue, 11 Feb 2025 02:51:03 GMT

@marcrgrenier Please enter your token number creatively to fool the forum spam filter, which redacted your numbers above. You can do that by posting it in a new comment, or you can go back to your comment above and EDIT it. To Edit, click the tiny 3 dot blue icon just to the right of your comment. When you do so, also add @BrittanyS in your comment so it's flagged for the Tax Expert that requested it.

Re: EV Charger tax credit income limit

BrittanyS — Sun, 16 Feb 2025 20:38:55 GMT

The credit is being reduced to $0 due to the Alternative Minimum Tax (AMT). From looking over your return, you have form 6251 included in your return for alternative minimum tax that exceeds your tax owed. The EV Charger Credit is unavailable for individuals that have alternative minimum tax. Per the instructions, "If you pay alternative minimum tax (AMT) you will not be able to claim this credit. If you are close to paying AMT, this credit may be limited by your tentative minimum tax as calculated on Form 6251, Alternative Minimum Tax - Individuals, line 33."

@marcrgrenier