Filing Tax Returns & EV Credits

[PoitNarf]

Just entered all my info on TurboTax online...reflected my $7500. But it won’t let me submit the return yet. Says form 8963 won’t be available until February 7th. Was anyone able to actually submit their returns?

Haven’t tried yet; still waiting on a few more things I need to file.

 

[Runnergirl]

Getting a $7,500 tax credit is a good feeling.

X2!!!

 

[BAven8068]

Just entered all my info on TurboTax online...reflected my $7500. But it won’t let me submit the return yet. Says form 8963 won’t be available until February 7th. Was anyone able to actually submit their returns?

Yeah looks like the form isn’t actually ready they are just letting us enter the info based on prior year form. Can’t actually file until the form becomes available.

 

[agarabaghi]

Hr block let me file it submitted it today

 

[Atari2600]

Well I'm still stuck with below. Why is there an Energy Efficient Vehicle Charging Station Credit form?

 

[PoitNarf]

Well I'm still stuck with below. Why is there an Energy Efficient Vehicle Charging Station Credit form?

View attachment 372041

Yeah I’m still not clear why TurboTax has info in their app about filling that out. That credit expired at the end of 2017. Luckily I purchased my wall connector at the tail end of 2017 before I got my 3, so I just completed an amended 2017 return and will get a few more bucks back.

 

[Tam]

...Energy Efficient Vehicle Charging Station Credit form?...

Form 8911 was promptly updated by IRS on 1/24/2019 because it was expired as of 12/31/2017 as stated by @PoitNarf above!

It is there but all the lines are darkened with the repeated term "Reserved for future use" line after line.

Thanks to TurboTax: Yes, you can see that it'll be soon but no, you can't get anything from it!

 

[BAven8068]

I was able to file with TurboTax today.

 

[N54TT]

I was able to file with TurboTax today.

Yup....got the email notification today that the form is updated. Will submit it tonight!

 

[busted hemi]

Same here - 7500 reflected OK on TurboTax but the charger form not avail yet. I spent $450 having a 240V installed in garage - will I get all of this back or just a portion? Not sure how it works. Deciding if it is worth waiting for...

 

[gaM3changer]

Same here - 7500 reflected OK on TurboTax but the charger form not avail yet. I spent $450 having a 240V installed in garage - will I get all of this back or just a portion? Not sure how it works. Deciding if it is worth waiting for...

I believe the charger install credit is only valid for installations from 2017.

 

[Tam]

...charger form not avail yet. I spent $450 having a 240V installed in garage...

As @gaM3changer stated and also as posted on post #27 and by @PoitNarf above, it already expired in 2017 and has not been renewed after 2017.

 

[TravMor]

I'm still waiting on my accountant to finish my taxes, but I am curious.... Has anyone got their numbers back yet?

How much are you getting back this year, compared to how much you got back last year?

 

[trunks13]

Apologies if this has been previously answered, is the $7500 credit affected by whether you itemize deductions or use the standard deduction?

 

[chronopc]

Apologies if this has been previously answered, is the $7500 credit affected by whether you itemize deductions or use the standard deduction?

It doesn't matter.

For 2018, can you claim the electric vehicle tax credit ($7,500)... - TurboTax Support

 

[redgt]

I'm still waiting on my accountant to finish my taxes, but I am curious.... Has anyone got their numbers back yet?

How much are you getting back this year, compared to how much you got back last year?

tax brackets and changes have been out for a year. drastically different tax laws this year

everyone knew and should have planned accordingly but many will be in for a surprise

 

[N54TT]

tax brackets and changes have been out for a year. drastically different tax laws this year

everyone knew and should have planned accordingly but many will be in for a surprise

I was worried we were going to have to pay...just squeaked by with a small refund (before EV credit). Will have to take a look and maybe make some adjustments

I'm still waiting on my accountant to finish my taxes, but I am curious.... Has anyone got their numbers back yet?

How much are you getting back this year, compared to how much you got back last year?

Return was a lot lower than last year. Last year we got back over $3k, this year before the EV credit our return was $800. So our full return will be the $800 plus $7500 = ~$8300.

 

[Jersey Shore Tom]

What are you listing for battery capacity?

 

[sperkin]

What are you listing for battery capacity?

75kWh. I think you just need something like 25kWh to qualify for $7,400.

 

[Jersey Shore Tom]

75kWh. I think you just need something like 25kWh to qualify for $7,400.

Thanks