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January 31, 2023
Question

Car tax credit on simple return

  • January 31, 2023
  • 1 reply
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2022

1 reply

January 31, 2023

If you purchased either a qualified all electric or hybrid, plug-in motor vehicle, you might be eligible for a Qualified Plug-in Electric Drive Motor Vehicle Credit, which is reported on Form 8936. 

However, there's no credit available for the purchase of gas-fueled cars on your federal return.  You may qualify for certain benefits if you bought it for your small business. 

Please see the TurboTax Help article What is an electric car tax credit? for more information.

 

To enter Energy-Efficient Vehicle information in TurboTax Online:

  1. If you don’t see 2022 TAXES in the left pane, scroll down and select the dropdown to the right of Deductions & Credits and select Let’s get startedPick up where you left off, or Review/Edit.  Otherwise, in the left pane, select the dropdown to the right of Federal, then select Deductions & Credits 
  2. On the  Your tax breaks page, scroll down and select the Show more dropdown to the right of Cars and Other Things You Own
  3. Select  Start or Revisit to the right of Energy-Efficient Vehicles
  4. Provide all relevant information requested in the interview