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dhavens
New Member

I am entering a value for the EV Charging credit and it keeps showing Zero Value I am using the latest update I enter 1739 for cost should be 521.70 but it shows zero

The Alternate Vehicle Refueling Property credit keeps calculating at 0

3 Replies
IsabellaG
Expert Alumni

I am entering a value for the EV Charging credit and it keeps showing Zero Value I am using the latest update I enter 1739 for cost should be 521.70 but it shows zero

There are limitations on this credit.Do any of these to you?

Limitations of this credit 

- Personal Use

 - If your credit is bigger than what you owe in taxes, the taxes you owe are reduced to zero, and the rest of your credit is lost.

Example: If you owe $800 in taxes, and you receive a credit of $1,000, the tax you owe is reduced to zero, and the remaining $200 is lost. You won't receive a refund for the remaining $200.

 - If you pay alternative minimum tax (AMT) you will not be able to claim this credit. If you are close to paying AMT, this credit may be limited by your tentative minimum tax as calculated on Form 6251, Alternative Minimum Tax - Individuals, line 33.

Business Use

 - The business portion of the credit is part of Form 3800, General Business Credit, so any unused amount of the credit is not lost, but is eligible for the carryback/carryforward provisions of the general business credit.

 - If you use this station for business and claim a depreciation deduction, you must subtract the credit amount when TurboTax asks you to enter the cost of the station in the Business (Schedule C) or Farm section of the program.

Example: You paid $5,000 to purchase and install your station at your business location. The station is eligible for a credit of $1,500. To claim the depreciation deduction, you must subtract this credit amount when entering the cost of the station in the Business or Farm section of TurboTax.


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I am entering a value for the EV Charging credit and it keeps showing Zero Value I am using the latest update I enter 1739 for cost should be 521.70 but it shows zero

I'm running into the same issue - I would expect to see a credit of $1,000 based on over $3,000 of expense (personal use), but it is showing up as $0 with no explanation. The limitations mentioned don't appear to apply in my situation so I don't know why this is happening.

CatinaT1
Expert Alumni

I am entering a value for the EV Charging credit and it keeps showing Zero Value I am using the latest update I enter 1739 for cost should be 521.70 but it shows zero

You are commenting on a thread from 2019. It's likely these limitations no longer apply in 2022. Can you please restate your question and situation?

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