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jabingb
New Member

California EV tax credit

Bought a Chevy Bolt in Feb '23 and the tax credit is not appearing on my return, I don't owe anything but no refund either.  Is there a CA credit as well?

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1 Reply
DawnC
Expert Alumni

California EV tax credit

The federal EV credit is non-refundable, which means the credit can't reduce your tax liability past zero.   The maximum credit is $7,500. It is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.   Did you have a federal tax liability on Form 1040?  (see lines 18 and 24).   

 

California has a rebate incentive; you can find out more about the program by visiting the CA - CVRP website.  

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