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Aimarouva
New Member

We purchased Tesla on July-2022 Would like to know if we are eligible for tax credit

When filing our income tax, Turbotax did not propose to fill IRS 8936 form
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5 Replies
MinhT1
Employee Tax Expert

We purchased Tesla on July-2022 Would like to know if we are eligible for tax credit

Your Tesla may qualify for a tax credit of up to $7,500.

 

Please read this IRS document for more information.

 

Form 8936 is automatically generated by TurboTax and filed with your return when you enter information about your energy-efficient vehicle.

 

Please read this TurboTax article for more information.

 

To enter information on your energy-efficient vehicle, follow these steps:

 

  1. In TurboTax, open your tax return
  2. Click on Federal in the left-hand column, then on Deductions & Credits on top of the screen
  3. Scroll down to locate the section Cars and Other Things you own and click on Show more 
  4. Click Start next to Energy-Efficient Vehicles

 

 

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Dingzx1
Returning Member

We purchased Tesla on July-2022 Would like to know if we are eligible for tax credit

TurbTax for 2022 tax filing shows TESLA, Chevrolet, and Cadillac no longer qualify for this credit.  Anyone is filing 2022 tax now ?

 

We purchased Tesla on July-2022 Would like to know if we are eligible for tax credit

https://fueleconomy.gov/feg/tax2022.shtml

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

We purchased Tesla on July-2022 Would like to know if we are eligible for tax credit

@Dingzx1 for 2022, that was correct.  Until the rules related to the Inflation Reduction Act rolled out in 2023, these vehicles had used up their tax credit allotment under the old laws.  2022 Turbo Tax is correct.  For 2023 tax filings that will be different .

Dingzx1
Returning Member

We purchased Tesla on July-2022 Would like to know if we are eligible for tax credit

Thank both of you!

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