The AFV (Alternative Fuel Vehicle) credit is one of the very last credits you can expect to see "brought back" for 2017 filing season (see last line of this post)
Before you can add any of the deductions and credits that were extended earlier this month, the changed forms must be updated to comply with the new law. That might take a while. The IRS must write the new rules, issue electronic specifications for the new forms and approve them before TurboTax can add them. If history is any guide, that process can take 1 to 2 months. It usually takes TurboTax 10-14 days after the IRS issues the specifications. (It took the IRS from Dec 22, 2017 to Feb 15, 2018 to approve some of the forms that the Dec 2017 tax law changed.)
The IRS plans to:
- Sync e-file with associated changes to
Forms and Schedules as much as possible and as soon as they can. Most of those associated with the provisions
will be available by February 22, including Form 1040. For some, including Form
8917, IRS projects they will be available by March 2.
- Continue to assess Form 4684. They will share their plan when ready (soon).
- Enable the tax provisions for families
and individuals first.
- Continue to assess the impact of the
disaster provisions, both for the California Fires and additional relief for
taxpayers impacted by Hurricanes Harvey, Irma and Maria, as well as the credits
and business incentives also extended by the Act.
