turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

tedmaxj
New Member

How do I apply for the federal ev tax credit using TurboTax? I purchased two electric vehicles in 2017.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

5 Replies
Heather14
New Member

How do I apply for the federal ev tax credit using TurboTax? I purchased two electric vehicles in 2017.

To apply for the Plug-in Electric Drive Motor Vehicle Credit, you will follow the steps below once you are in your return:

  • Click on Deductions and Credits
  • Locate Cars and Other Things You Own
  • On Energy Efficient Vehicles, click on Start
  • You may also see this TurboTax support FAQ on the vehicle credit:

    https://ttlc.intuit.com/replies/3300979

2019 reference https://www.irs.gov/businesses/plug-in-electric-vehicle-credit-irc-30-and-irc-30d#:~:text=

How do I apply for the federal ev tax credit using TurboTax? I purchased two electric vehicles in 2017.

You can NOT claim the credit if it is a used car.  Only new cars are allowed to receive the credit.  And you do not have to itemize to claim the Credit.  You do need the Vin #, Date of Purchase, Kilowatt hours of battery life, Date the car was put into service, Price of the car and the weight of the car to fill out the form.

How do I apply for the federal ev tax credit using TurboTax? I purchased two electric vehicles in 2017.

How much you take out of your paycheck each month has nothing to do with the tax credit.  Lets say you have had 11,000 taken from taxes and you owe the government 7,000.  You would get back only 7,000 instead of the 7500 AND get back the 4,000 you overpaid in taxes for a total 11,000.


You can ONLY use the credit if it is a NEW car. And you can take the Credit if you Itemize or take the standard deduction.

How do I apply for the federal ev tax credit using TurboTax? I purchased two electric vehicles in 2017.

Then why are years listed clear back to 2013 on that page?

VictoriaD75
Expert Alumni

How do I apply for the federal ev tax credit using TurboTax? I purchased two electric vehicles in 2017.

The instructions for Form 8936 are found below. They include a detailed description of what vehicles qualify for the credit. The credit phases out for each car manufacturer when they reach a total of 200,000 electric cars sold for use in the United States.

 

Plug-In Electric Drive Vehicle Credit

 

Instructions for Form 8936

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies