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$7 500 ev tax credit i qualify ?
if my income was 65000 how much of $7 500 ev tax credit i qualify ?
posted
4 weeks ago
last updated
September 04, 2023
12:42 PM


3 Replies
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$7 500 ev tax credit i qualify ?
It is not your income that matters but the amount of tax liability you have on your Form 1040 Line 20. If the liability is less than $7500 then the EV credit reduces your tax liability to zero and any remaining credit is lost.
4 weeks ago
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$7 500 ev tax credit i qualify ?
@Amir1345 if you are filing single, then your taxable income is $65,000 - $13,850 or $51,150. The tax on that is approx $6550, the EV credit could not exceed $6550.
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4 weeks ago
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$7 500 ev tax credit i qualify ?
also not every EV qualifies for the full credit.
4 weeks ago
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