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New Member
posted Oct 25, 2023 9:50:16 AM

Electric Car

Hello,

What do i need to do if i purchased an EV that qualifies for the federal tac credit?

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1 Replies
Employee Tax Expert
Oct 25, 2023 10:34:25 AM

Hello Thomas M7

Welcome to our ask the expert event.  You asked a great question.  I have a great resource to provide you.

I have a great IRS link that I have included here.  https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after.  The link will detail out how much credit you will get based upon your filing status and type of EV car you have purchased.  When you file your taxes, Turbo Tax will ask interview questions about your EV purchase.  It will be under the Deductions and Credits tab. I hope that I answered your question.  Thank you for allowing me to assist you today.  Have a great day.