You'll need to sign in or create an account to connect with an expert.
Does it show up on 1040 line 20 (from Schedule 3 line 6i)? That is a non-refundable credit. It can only reduce the tax to zero and not create a refund. Then you will get back any withholding taken out, estimates paid and any refundable credits.
A credit it applied toward the tax you owe and reduces the amount you need to pay. The EV credit is not a refundable credit---you do not get it as a $7500 refund.
Does it show up on 1040 line 20 (from Schedule 3 line 6i)? That is a non-refundable credit. It can only reduce the tax to zero and not create a refund. Then you will get back any withholding taken out, estimates paid and any refundable credits.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
sparbuster
New Member
u4142aaa
New Member
llmccall1
Level 2
carlos-fernandez
New Member
Meridian8904
Level 2