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btagabi01
Level 2

EV tax credit

How does this effect my refund?

posted
‎October 25, 2023 9:52 AM
last updated ‎October 25, 2023 9:52 AM
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DawnCo
Expert Alumni
Expert Alumni

EV tax credit

Hi  btagabi01,

Thanks for joining event today. 

With a qualifying purchase, you could get a non refundable credit up to $7500. This credit is used to offset your tax liability. It does not create a surplus to be refunded and does not carryforward.

https://turbotax.intuit.com/tax-tips/going-green/filing-tax-form-8936-qualified-plug-in-electric-dri...

‎October 25, 2023 10:02 AM
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