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gk5987
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EV credit based on 2022 income

Hello bought TESLA Model Y in june 2023 and 2023 my income is more than 300K married Jointly however my income was less than 300 in 2022 so i am eligible for 7500 tax credit as per IRS website. somehow i am not sure how i can add in tubo tax to add 7500 rebate. currently its not considering 2022 income

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EV credit based on 2022 income

If your Modified AGI for tax year 2023 is over $300,000 and you are entering a vehicle for the EV tax credit in the Deductions & Credits section of the program, you will land on the following screen to provide your Modified Adjusted Gross Income for 2022  -

 

Vehicle Credit 2022 AGI TTO.JPG

If you were not presented with the screen then you need to check your 2023 AGI to verify it is over $300,000.

Click on Tax Tools on the left side of the online program screen

Click on Tools

Click on View Tax Summary 

 

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