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Level 2

Solved

Form 8936

Forum|Forum|3 years ago
April 30, 2023
2 replies
42 views

Hi,

I purchased a 2022 Chevrolet Bolt EUV on August 1, 2022 however, Turbo tax does not let me take the EV tax credit for the vehicle stating, Chevy or Tesla's no longer qualify.

However, I have read online that my EV does in fact qualify for the full tax credit. Can someone clear up the confusion here please as the IRS (9/14/2022) clearly indicated my Chevy Bolt EUV does qualify for the full tax credit but why is Turbotax stating otherwise?

Best answer by DoninGA

Did you also take note on the GM site of the following message:

With relatively few EV models currently in its lineup, most of GM’s electric vehicles currently qualify for the $7,500 credit. This includes the2022 Chevy Bolt EV, the2022 Chevy Bolt EUV, the2023 Chevy Bolt EV, the2023 Chevy Bolt EUV, and the 2023 Cadillac Lyriq.

If placed in service after 12/31/2022.

Level 15

If the vehicle was placed in service in 2022 it is not eligible for the EV credit on a 2022 tax return.

The new rules for these vehicles becomes effective for tax year 2023 starting on 01/01/2023.

EVFanAuthor

Level 2

Thanks for the reply.

So, can I add my 2022 vehicle on next year's return?

Level 15

No. You bought it in 2022, so it can't go on your 2023 return. Unfortunately, you don't get the credit.

Level 15

@EVFan wrote:
as the IRS (9/14/2022) clearly indicated my Chevy Bolt EUV does qualify for the full tax credit

I am curious to see what you are looking at that shows that.