turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Deciphering Your Tax Forms on Feb 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I leased an EV in 2024, is this eligible for tax credit? If they gave me credit in lieu of tax credit and there is no documentation can it be claimed?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I leased an EV in 2024, is this eligible for tax credit? If they gave me credit in lieu of tax credit and there is no documentation can it be claimed?

Since you are not the owner of the vehicle you are not eligible for the EV credit.

LindaS5247
Employee Tax Expert

I leased an EV in 2024, is this eligible for tax credit? If they gave me credit in lieu of tax credit and there is no documentation can it be claimed?

As DoninGA states, you can not claim the tax credit. The leasing company will get the tax credit for the EV.  

 

Some leasing companies (they aren't required to do so) will pass that savings on to the lessee in the form of lower lease payments or the amount of the tax credit is deducted from the price at the time of the lease. ‌It sounds like that is what happened in your situation.  

 

Click here for additional information on the New Clean Vehicle Tax Credit.

Click here for a FAQ on the "New Clean Vehicle Tax Credit". See Q 18.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question