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EV tax credit question.

Me and my wife recently purchased an all electric vehicle which qualifies for $7500 fed and $2500 CA state tax credit. However, my wife is main owner ( with her name on the title) and I am a co-buyer of the car. My wife's income is around 30k, so I am not sure if we can get the full benefit of tax credit.

My question is if me and my wife file the taxes jointly, will that help to fully claim the tax credit as I am sure combined tax liability is much more? Or that ev tax credit wont be applicable to my income even if we file jointly? Please advise
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3 Replies

EV tax credit question.

The tax credit is applied to the total tax liability when you are filing as Married Filing Jointly.

EV tax credit question.

There is no longer a tax credit in California for the purchase of all-electric vehicles. Instead, CA residents who qualify are given a rebate of varying sizes (yes, $2,500 is one of them).

 

Note that the size of the rebate depends on the type of vehicle and your household income; that is, if your household income is too high, then you are disqualified from two of the three possible rebates.

 

Please see the details and instructions at https://ww3.arb.ca.gov/msprog/lct/cvrp.htm for more information.

jc1972
New Member

EV tax credit question.

What if the situation is father/son owning the car where the father has the income to get the full $7500 and the son is low income and qualifies for the $4500 vs. $2500 of California rebate.  Also PG&E  for the $800.  In this situation, can the father gets $7500, son gets the $4500+$800?

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