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Fuel cell vehicle tax credit. If i buy 2 fuel cell vehicles, would my tax credit be $16K for that year?

 
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Fuel cell vehicle tax credit. If i buy 2 fuel cell vehicles, would my tax credit be $16K for that year?

Yes ... you can buy more than one EV vehicle per tax year ... the credit is per vehicle not per year.  However make sure you have enough federal tax to offset the credit because what you don't use you lose.  

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Fuel cell vehicle tax credit. If i buy 2 fuel cell vehicles, would my tax credit be $16K for that year?

Yes ... you can buy more than one EV vehicle per tax year ... the credit is per vehicle not per year.  However make sure you have enough federal tax to offset the credit because what you don't use you lose.  

Fuel cell vehicle tax credit. If i buy 2 fuel cell vehicles, would my tax credit be $16K for that year?

Hello Critter-3; thanks for detailed response

I just wanted to make sure this is applicable to all EVs. In my case it will be 2 fuel cell cars for this year totaling up to $16,000 tax credit/deduction

 

Best, Ayush

 

 

Fuel cell vehicle tax credit. If i buy 2 fuel cell vehicles, would my tax credit be $16K for that year?

The credit is not discriminate based on make/model ... read the credit form and instructions yourself for the details. 

https://www.irs.gov/forms-pubs/about-form-8936

https://www.irs.gov/businesses/plug-in-electric-vehicle-credit-irc-30-and-irc-30d

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