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stevec1
New Member

$7500 ev credit disappear after latest turbotax update? Tried to re-enter the information again but it doesn't have any effect even though it claims I'm qualified.

I entered my ev credit two weeks ago and it took 7500 off my tax due. However, after the latest turbotax update, the credit disappear so I tried to re-enter again, it said I'm qualified for the credit but now it doesn't change my tax due anymore.
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4 Replies
JohnW15
Intuit Alumni

$7500 ev credit disappear after latest turbotax update? Tried to re-enter the information again but it doesn't have any effect even though it claims I'm qualified.

The Plug-in Electric Drive Motor Vehicle Credit is a non-refundable credit.  Non-refundable credits are credits that can lower your tax liability, but do not get reimbursed to you as a refund.

For additional explanation, please see the TurboTax article What Is the Difference Between a Refundable and a Nonrefundable Credit? 


stevec1
New Member

$7500 ev credit disappear after latest turbotax update? Tried to re-enter the information again but it doesn't have any effect even though it claims I'm qualified.

@TurboTaxJohnW15 I do own more than 7500. So I should get the credit, right?
JohnW15
Intuit Alumni

$7500 ev credit disappear after latest turbotax update? Tried to re-enter the information again but it doesn't have any effect even though it claims I'm qualified.

Curious:  What car are you wanting to claim?
stevec1
New Member

$7500 ev credit disappear after latest turbotax update? Tried to re-enter the information again but it doesn't have any effect even though it claims I'm qualified.

@TurboTaxJohnW15 Tesla model 3 that I purchased last July.

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