3250631
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

stay043
New Member

Is it normal to receive only one hundred dollars for the EV tax credit, or did I do something wrong? I was told I would get a couple thousand, at least.

I purchased a 2021 Nissan Leaf in July of 2023 and at the time of purchasing, I had the understanding that I would get around $4,000 in tax credit. I entered my vehicle information using form 8936 and it gave me $189. What did I do wrong?
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.

1 Reply

Is it normal to receive only one hundred dollars for the EV tax credit, or did I do something wrong? I was told I would get a couple thousand, at least.

If the tax credit reduces your tax liability to 0 then any remaining credit is not used and does not carry forward to the next tax year.

 

Review your federal tax return, Form 1040 - The credit will shown on Line 20

 

You can view your Form 1040 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question