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JLT911
New Member

How do I enter information to get the federal tax credit for purchasing electric bicycles in 2022?

 
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2 Replies
DawnC
Employee Tax Expert

How do I enter information to get the federal tax credit for purchasing electric bicycles in 2022?

You can claim a credit on Form 8936 if the 2-wheeled vehicle:

 

  • Is capable of achieving a speed of 45 miles per hour or greater,
  • Is propelled to a significant extent by an electric motor that draws electricity from a battery that has a capacity of not less than 2.5-kilowatt hours and is capable of being recharged from an external source of electricity, and
  • Has a gross vehicle weight of less than 14,000 pounds.

If your bicycle qualifies, search for electric vehicle credit and use the Jump to electric vehicle credit link in the search results.  

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How do I enter information to get the federal tax credit for purchasing electric bicycles in 2022?

The electric bicycle credit was not extended beyond 12/31/2021.

https://www.irs.gov/businesses/irc-section-30dg-qualified-2-or-3-wheeled-plug-in-electric-drive-moto... 

There had been a proposal to include an electric bicycle credit in the Inflation Reduction Act, but it did not make it to the final version of the Act.

 

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