How to Deduct EV Charger (Self Employed)

[stevenkyle]

Hello!

I have an electric vehicle which I use >60% for business. I'm taking the depreciation and actual cost method of expenses prorated against the actual business percentage use of the vehicle.

I also just installed a charging station at my home-office. Because it's in a shared garage, the expense was considerable.

Where should I put the deduction for the charger? Is it an "other" expense?

(FYI, because of the location of the home office, it is not eligible for the IRA tax credit - it's in the wrong Census tract.)

[Terri Lynn]

Good afternoon,Stevenkyle!

Yes, the other expense category would be the best option for deducting the  direct installation cost of the EV Charger. However when it comes to calculating the actual electricity used, you will have to make sure  you have a separate meter, or, at least the ability to measure the extra usage, for just the auto,  to report it as an other vehicle expense. 

For more information  on  electric vehicle credits for business, please check out:

IRS: Clean Vehicles and Credits 

Thank you for joining us today and have a great rest of your day!

Terri Lynn, EA

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