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$7,500 EV credit

I transferred the $7,500 credit to the dealer for a new vehicle (Tesla Y 2025), but when filling out form 8936, on line 16 where it says “maximum vehicle credit amount” it lists $4000. Help. 

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1 Reply
AnnetteB6
Employee Tax Expert

$7,500 EV credit

Please double-check that you selected that you purchased a 'new' vehicle instead of a 'used' one.  That can limit the credit amount to $4000 before you have even specified what vehicle you bought.

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