My cousin bought a qualified EV in 2022 and also installed an electric car charger for $2800(labor and material). His total tax due is 21k on 170k income and he said the only credit he is getting is the 7500 and not the 30% back on the ev charger. Seems like that zero’s out in your taxes when you get $7500 tax credit for the ev..which sucks!
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EV tax credit and EV charger credit
- Thread starter Jimboy435
- Start date
Silicon Desert
Well-Known Member
The thing that caught my attention is the $2,800 for installation. WOW, that must be a very unusual situation.
Sorry it was 1300 for installation and then 2 ev chargers he bought I believe the chargepoint for 749 each.
Spiegels
Member
He needs to file form 8911. Last year you could get 30% of all of these types of expenditures back as a tax credit.
the program has not gone away but the amount you get back has been reduced for 2023.
I used this for my credit in 2021 and my son installed a similar setup as the OP in 2022 and will a $3,000 tax credit.
and he doesn’t even own an EV (yet)
the program has not gone away but the amount you get back has been reduced for 2023.
I used this for my credit in 2021 and my son installed a similar setup as the OP in 2022 and will a $3,000 tax credit.
and he doesn’t even own an EV (yet)
If you claim ev credit and ev charger credit at the same time then you don’t get the up to 1000 credit. Seems like the ev charger credit is reduced to 0
The tax man..I saw my cousins turbo tax and when he put 7500 tax credit for his car(Audi q4) it took off the 1000 for ev charger. This is 2022 taxes he is filing now//so not sure about 2023.
I also believe there was a gap year for the EVSE in 2022, while solar still had a 26% rebate. Both went to 30% with the IRA, and potentially immediately.
Now I had my solar company both slightly expand my system and install the EVSE module to my solar inverter on the same job, so I'm going to just list it and play dumb. But I'm about 75% confident the EVSE was not in scope in May of last year.
Its unclear why you are posting incorrect information. Have you spoken to your tax consultant yet? IRA has renewed the EV charger credit. You just need to file a separate form IRS 8911 to claim that. Please check with your tax advisor. And no it does not get eliminated if you are *also* applying for $7500 tax credit. That is a completely different form Form 8936 (Rev. January 2023).
I am just reporting what I saw in the TurboTax forms he filed
SageBrush
REJECT Fascism
TurboTax sucks. I filed through them and got screwed out of an extra $5000 solar credit for the state of Hawai’i. I’m having to file an amendment to get the extra credit applied and also have the rest of the credit carry over to next year. TurboTax only does so much. For some reason their system doesn’t do well with multiple EV forms.
If he installed the EV charger in 2022 and he files tax now (2022 year tax), the $7500 shouldn't apply since that's a Jan 1st, 2023...which will have to be 2023 year tax (file in 2024)...unless I am misunderstood something.
He is a non Tesla buyer. Audi q4 which had the credit until 8/15/2022 was the one he was able to buy off dealer and claiming credit for and also installed charger at home
Im not sure (so I am going to ask)... but in effect, it sounds like you are saying the following:
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"I looked over my cousins shoulder at the computer screen as they filed their taxes using a tax program, saw the program take an action related to EV tax credits, and am now reporting what it did as Tax policy. These were not my own taxes, nor did I consult a tax professional to corroborate. I am reporting what TurboTax did on my cousins Taxes as Tax policy".
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Perhaps I am reading what you posted wrong, but thats what it reads like. Do I have what you are saying correct? I dont know the answer, but if I was concerned about this, I would consult a tax professional.
SageBrush
REJECT Fascism
Not quite. OP is interpreting what he thinks TT did, based on an unknown complete tax return, as if it is IRS rules.
For all we know, the non-refundable EVSE tax credit was disallowed for another reason, e.g. no further tax liability
