TurboTax is showing me that my Alternative Vehicle Refueling Property Credit is currently $0 after entering my EV charger ($400). I know I qualify for the credit. Ideas?

[chaltrye]

I entered the purchase in the correct form.  It's my understanding the only reason I wouldn't qualify is AMT, which isn't an issue for me.  Is there a TurboTax issue given this is a new credit due to IRA last year?

[DoninGA]

The IRS Form 8911 Alternative Fuel Vehicle Refueling Property Credit will not be finalized and is estimated to be available in TurboTax on 02/02/2023

Go to this TurboTax support FAQ for federal and state forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...

[chaltrye]

Ok, got it.  TurboTax is usually pretty good at letting us know when form isn't finalized or ready.  I didn't see any such notification here.  Thanks for the quick reply.

[DoninGA]

Any forms or schedules included in your tax return that are not yet finalized will be shown in the Review section of the program.

[wbuehler]

I have same issue using Deluxe in Windows. The link shows the form now available but calculates to 0 despite the Inflation Reduction Act extension of the credit, I do not want to refile my taxes at a later date.  Review in deluxe does not show 8911 now as missing. Still think 2/2/2023 is the issue?

[HopeS]

Please be aware that the EV credit is up to the amount of your federal liability.  If there is no income tax no credit would be available in the current year.

if you bought a new, qualified plug-in electric vehicle (EV) in 2022 or before, you may be eligible for a clean vehicle tax credit of up to $7,500 under Internal Revenue Code Section 30D.

The credit equals:

• $2,917 for a vehicle with a battery capacity of at least 5-kilowatt hours (kWh)
• Plus $417 for each kWh of capacity over 5 kWh

The maximum credit is $7,500. It is non-refundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.

Please see the  IRS link below for more detailed guidance

Credits for New Electric Vehicles

@wbuehler

[chaltrye]

Thanks for the response.  To be clear, the question is about the Alternative Vehicle Refueling Property Credit, not the EV Vehicle credit.  

The form appears to be available now, but the credit isn't being accurately calculated, at least not for me.  I am still waiting on some additional forms to be provided so I have a few weeks before I file.  I just hope this gets sorted by mid-February.

[wbuehler]

Yes, this about the EV Charger credit and not the vehicle credit. I have a tax due and the credit would apply per IRS rulings, the issue is TurboTax now shows from 8911 available but it only calculates to zero. In my case I should have a $350 credit applied to my taxes. I do not want to file and then have to amend. I am using windows Deluxe 

[PattiF]

There are a couple of things that can cause the Alternative Fuel Vehicle Refueling Property Credit to be reduced to zero.

As you know, the credit is non-refundable and you must have a tax liability to take advantage of the credit.  Also, the calculation of possible Alternative Minimum Tax (AMT) is involved in the calculation of the credit and may reduce it to zero.  Since you have a tax liability check for the second cause of not receiving a credit in the next paragraph.

There is a tentative minimum tax for AMT that is calculated in the background as your return is completed.  Form 8911 compares that tentative minimum tax to the net regular tax after certain other credits have been taken into account.  If the tentative minimum tax is greater than the net regular tax, then the Form 8911 credit is disallowed.  

Take a look at your Form 8911, lines 16, 17, and 18.  If line 17 is greater than line 16, then your personal credit for Form 8911 will be disallowed.  

@wbuehler

[chaltrye]

Thanks again for your reply. Maybe I'm missing something, but I can't seem to get to the "raw" tax form.  I keep getting redirected to the TurboTax wizard which hides the actual line numbers from me.

From what I can see at this point AMT isn't a problem for me this year, but I'm not sure how to see the "tentative" AMT that you mention.  Any advice on that?

Thx again

[ThomasM125]

The tentative minimum tax is listed on line 9 of Form 6251 Alternative Minimum Tax - Individuals. If you are using the online TurboTax program, you will be able to see the form only when you are done paying for your TurboTax program, when all of your forms will be available for view. @chaltrye

[chaltrye]

Thank you for the additional information.  I typically wait until I file to pay, but I just took care of that now.  I downloaded my in-progress return (still waiting on a few 1099's before I file), and I don't show any AMT (in fact no 6251 form), and I also don't show the Form 8911.  I would have thought there would be an IRS or TurboTax form or worksheet showing the information and why it was not allowed.  But there is nothing.  Well, I have a total of 102 forms and worksheets, just not a 6251 nor a 8911.

Any additional thoughts?  I'm hoping this gets ironed out in the new few weeks when I'm ready to file.

Thx

[JulieS]

Even though you have some tax due, this credit is limited to the amount of regular income tax on line 16 of your 1040 or 1040-SR. You may have a tax liability due to self-employment tax and still not get a refund for this credit.

Assuming you do have a number greater than zero on line 16, you should review the basic eligibility for the credit and what you have entered in TurboTax:

Credit Requirements
The following conditions must be met to qualify for this credit:
 - You started using the station in the current tax year (2022).
 - You are the original owner of the station.
 - The station is used primarily in the United States.
 - The station is installed at your main home or business location.

If this credit is for business use, your credit will appear on Form 3800, General Business Credit, instead of Form 8911. 

[chaltrye]

Thanks for the reply Julie. 

So I'm at a bit of a loss here... I owe plenty of tax, I'm not in AMT, and I meet all the qualification criteria for the credit.  I'm also claiming a credit for a new EV I purchased last year (hence the reason I've installed the charger).  That credit ($7500) is showing up as expected on my return.  But this AV refueling credit is still showing 0.  

Could there be an issue with TurboTax itself (dare I use the term 'bug')?  That's my assumption right now as everything else is pointing to the fact that I  apparently qualify for the credit but yet am not receiving it on my return.

Note that I have not yet filed as I am still waiting on a few additional unrelated forms to be updated, as well as a few 1099's.  

Any other ideas?  I'm also curious if any other community members are seeing the same behavior.

Thx

[JulieS]

Are you claiming the credit for your main home, or for a business?