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I have inputted my electric vehicle VIN etc for the qualifying credit and it shows up but not in total refund, why?

I owe more than $7500 so why wouldn't the credit be applied to my refund?
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1 Best answer

Accepted Solutions
VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I have inputted my electric vehicle VIN etc for the qualifying credit and it shows up but not in total refund, why?

Does it show up on 1040 line 20 (from Schedule 3 line 6i)?  That is a non-refundable credit.  It can only reduce the tax to zero and not create a refund.  Then you will get back any withholding taken out, estimates paid and any refundable credits.

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2 Replies

I have inputted my electric vehicle VIN etc for the qualifying credit and it shows up but not in total refund, why?

A credit it applied toward the tax you owe and reduces the amount you need to pay.  The EV credit is not a refundable credit---you do not get it as a $7500 refund.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I have inputted my electric vehicle VIN etc for the qualifying credit and it shows up but not in total refund, why?

Does it show up on 1040 line 20 (from Schedule 3 line 6i)?  That is a non-refundable credit.  It can only reduce the tax to zero and not create a refund.  Then you will get back any withholding taken out, estimates paid and any refundable credits.

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