EV tax credit and EV charger credit

[holmesm1]

Federal Tax Credits for Plug-in Electric and Fuel Cell Electric Vehicles Purchased in 2023 or After

All model Ys and the performance model 3 get the full $7500 credit. The model 3 RWD gets $3750. You can check yours above.

Table below is from: Here's every electric vehicle that currently qualifies for the US federal tax credit

All-electric vehicles​

Make and Model	MSRP Limit	Tax Credit Amount
CADILLAC (GM)
Lyriq (2022-2023)	$80,000	Up to $7,500
CHEVROLET (GM)
Blazer EV (2024)	$55,000	Up to $7,500
Bolt EUV (2022-2023)	$55,000	Up to $7,500
Bolt EV (2022-2023)	$55,000	Up to $7,500
Equinox EV (2024)	$55,000	Up to $7,500
Silverado EV (2024)	$80,000	Up to $7,500
FORD
F-150 Lightning (2022-2023)	$80,000	Up to $7,500
Mustang Mach-E (2022-2023)	$80,000	Up to $3,750
E-Transit (2022-2023)	$80,000	Up to $3,750
GENESIS
GV70 Electrified (2024)	$80,000	$7,500
NISSAN
LEAF SV, S Plus, SL Plus (2021-2022)	$55,000	$7,500
LEAF S / SV Plus (2021-2023)	$55,000	$7,500
RIVIAN
R1T (2022-2023)	$80,000	$7,500
R1S (2022-2023)	$80,000	$7,500
TESLA
Model 3 Standard Range RWD (2022-2023)	$55,000	Up to $3,750
Model 3 Long Range/Performance (2022-2023)	$55,000	Up to $7,500
Model Y AWD/Long Range/Performance (2022- 2023)	$80,000	Up to $7,500
VOLKSWAGEN
ID.4 / ID.4 S (2023)	$80,000	$7,500
ID.4 Pro/Pro S (2023)	$80,000	$7,500
ID.4 AWD Pro/AWD Pro S (2023)	$80,000	$7,500

Current as of 4/18/23 (changes in bold)

Plug-in Hybrid Electric Vehicles​

Make and Model	MSRP Limit	Full Tax Credit
AUDI
Q5 TFSI e Quattro (2023)	$80,000	$7,500
BMW
330e (2021-2023)	$55,000	$7,500
X5 xDrive45e (2021-2023)	$80,000	$7,500
CHRYSLER
Pacifica Plug-in Hybrid (2022-2023)	$80,000	Up to $7,500
FORD
Escape Plug-in Hybrid (2022-2023)	$80,000	Up to $3,750
JEEP
Grand Cherokee 4xe (2022-2023)	$80,000	Up to $3,750
Wrangler 4xe (2022-2023)	$80,000	Up to $3,750
LINCOLN
Aviator Grand Touring (2022-2023)	$80,000	Up to $3,750
Corsair Grand Touring (2022-2023)	$80,000	Up to $7,500
VOLVO
S60 Recharge /Extended Range (2022)	$55,000	$7,500
S60 T8 Recharge (Extended Range) (2023)	$55,000	$7,500

 

[Metallicat17]

I read that to mean the credit is non-refundable

Non-refundable means you have to have enough tax liability for the tax year. Understandable, it is a common misconception that people think you have to owe the IRS money at the end of the year in order to claim the credit. You just have to have enough liability.

I wonder if what is stumbling people on Turbo Tax is the requirement to NOT be in an urban area. See eligible census tract in the link below:

Instructions for Form 8911 (01/2023) | Internal Revenue Service

www.irs.gov

 

[Grayson73]

Can you claim the 30% Federal EV installation credit by installing a 240v outlet, or do you also need to install a charger (e.g. Tesla Wall Connector)?

 

[SabrToothSqrl]

Can you claim the 30% Federal EV installation credit by installing a 240v outlet, or do you also need to install a charger (e.g. Tesla Wall Connector)?

I would assume that an outlet would not qualify.

Does anyone know if a tesla wall connector qualifies for the 30% in 2024? thanks.

I don't usually consider myself stupid, but I can't seem to decipher this poorly worded nonsense:

To continue building on this unprecedented progress, today, the Department of Treasury and the Department of Energy are releasing intended definitions for eligible census tracts that will confirm that the Inflation Reduction Act’s 30C EV charging tax credit is available to approximately two-thirds of Americans. This tax credit provides up to 30% off the cost of the charger to individuals and businesses in low-income communities and non-urban areas, making it more affordable to install EV charging infrastructure and increasing access to EV charging in underserved communities.

Does this mean I have to be "low-income" to get the 30% now? or do I have to be a business, low income, AND in a non-urban area"? it's a huge run on sentence with zero clarity.

 

[tangible1]

I would assume that an outlet would not qualify.

Does anyone know if a tesla wall connector qualifies for the 30% in 2024? thanks.

I'm pretty sure any equipment directly associated with EV charging can be claimed.
Doesn't matter what it is......Mobile connector / Outlet, Wall Charger, electrician fees, wiring/conduit.

 

[ucmndd]

Does this mean I have to be "low-income" to get the 30% now? or do I have to be a business, low income, AND in a non-urban area"? it's a huge run on sentence with zero clarity.

You need to live in an eligible census tract. That’s it. And yes a Wall Connector would qualify.

Apparently rich people living in poor areas need the credit but poor people in rich areas don’t.

 

[ChadS]

You can look up your census tract HERE. Enter your address, then look for GEOID under "Census Tracts". If that 11-digit number is in the IRS' Appendix A or B (one for rural tracts, one for low income - you only have to be in one of them, see HERE) then you can take the credit. Mine isn't; too bad as I installed two EVSEs in November.

Better yet, there is an unofficial map HERE. You can just zoom in on your house; if it is in an area drawn in green, beige or gray then your tract qualifies. If drawn in normal color, you don't. But it can be fun to see how close some neighbors are that do qualify.

 

[canbonbon]

The most expensive town in Massachusetts: Dover, MA qualifies. But other surrounding towns like Framingham with significant low income population don't. Beat that.

 

[patmurphey]

That's funny... My town is split down the middle and the more expensive side is eligible.

 

[SabrToothSqrl]

I'm just glad our government makes these things so easy.

 

[Midpack]

You can look up your census tract HERE. Enter your address, then look for GEOID under "Census Tracts". If that 11-digit number is in the IRS' Appendix A or B (one for rural tracts, one for low income - you only have to be in one of them, see HERE) then you can take the credit. Mine isn't; too bad as I installed two EVSEs in November.

Better yet, there is an unofficial map HERE. You can just zoom in on your house; if it is in an area drawn in green, beige or gray then your tract qualifies. If drawn in normal color, you don't. But it can be fun to see how close some neighbors are that do qualify.

Thanks for these resources. I have been waiting several weeks to file due to my Form 8911, and it turns out we're not eligible in our GEIOD, even though lots of nearby neighborhoods are - no idea why. But it's not worth fighting IMO...