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Can I claim two EV Tax Credits in 2022 if I purchased two separate vehicles that both qualified for the $7,500 EV tax credit (in service prior to August 16)?

My spouse and I file jointly with AGI <$300K. We purchased an EV in 2022 and submitted for an EV tax credit when filing. We also have a binding agreement for a 2nd EV, and can now purchase the EV with an in-service date of August 15, 2022. If I proceed with purchase, can I amend my 2022 taxes and claim two separate EV credits (for a total of $15K) on my 2022 taxes?
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1 Best answer

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KrisD15
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Can I claim two EV Tax Credits in 2022 if I purchased two separate vehicles that both qualified for the $7,500 EV tax credit (in service prior to August 16)?

Yes,

the credit is per vehicle. 

The credits are non-refundable, so only applied to your tax liability for that tax year.

 

According to the IRS:

“Maximum per vehicle credit amount.

 The credit amount is limited to $7,500 ($40,000 for a vehicle with a GVWR of 14,000 pounds or more).”

 

More info from TurboTax 

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1 Reply
KrisD15
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Can I claim two EV Tax Credits in 2022 if I purchased two separate vehicles that both qualified for the $7,500 EV tax credit (in service prior to August 16)?

Yes,

the credit is per vehicle. 

The credits are non-refundable, so only applied to your tax liability for that tax year.

 

According to the IRS:

“Maximum per vehicle credit amount.

 The credit amount is limited to $7,500 ($40,000 for a vehicle with a GVWR of 14,000 pounds or more).”

 

More info from TurboTax 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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