To prepare a Form 8936, please follow these steps.
Under Federal
- Go to Deductions & Credits
- Scroll to Cars and Other Things You Own [Show More]
- Select Energy-Efficient Vehicles
- Follow the interview.
- This will generate the Form 8936
Reminder: If you're not sure of something, select the (?) next to the topic for more details.
If you bought a new, qualified plug-in electric vehicle (EV) in 2022 or before, you may be eligible for a clean vehicle tax credit up to $7,500 under IRC Section 30D(g) Qualified 2- or 3-Wheeled Plug-In Electric ...
The credit equals:
- $2,917 for a vehicle with a battery capacity of at least 5 kilowatt hours (kWh)
- Plus $417 for each kWh of capacity over 5 kWh
- The maximum credit is $7,500. It is nonrefundable, so you can't get back more on the credit than you owe in taxes.
- You can't apply any excess credit to future tax years.
IRS EV Credit
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