$7,500 Federal Tax Credit for Purchase of Electric Vehicle

tjgtaxhelp · ‎July 7, 2019

In 2019 I am considering leasing an electric car which is eligible for $7,500 tax credit; how is the $7,500 applied to my tax liability of my 2019 taxes (all $7,500 to my 2019 taxes of prorated over the lease term?)

I am trying to determine how much tax benefit i would get. This is a lease.

xmasbaby0 · ‎July 7, 2019

(DUPLICATE QUESTION)

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Lisa995 · ‎July 7, 2019

No credit for leases, you must be the original owner and purchase the vehicle.

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$7,500 Federal Tax Credit for Purchase of Electric Vehicle