I have a form 15400 that indicates my PHEV qualifies for a $4000 tax credit. But when I fill out the info in Turbo Tax it says my credit is $0. I meet the income requirements and have never taken a credit?
You'll need to sign in or create an account to connect with an expert.
It is possible that you don't have any tax before the credit is applied, so you can't get the credit since your tax is already $0. This is common if you have other credits, such as the earned income credit, child tax credits, child care credits, etc...
You can view your form 1040 to see your tax and associated credits on lines 16 to 32 on your Form 1040 as follows:
It is possible that you don't have any tax before the credit is applied, so you can't get the credit since your tax is already $0. This is common if you have other credits, such as the earned income credit, child tax credits, child care credits, etc...
You can view your form 1040 to see your tax and associated credits on lines 16 to 32 on your Form 1040 as follows:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
metwalli
New Member
hedderman-keesha25
New Member
golden
New Member
matthewmarquis24
New Member
nicholsonroderic
New Member