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January 21, 2021
Question

I was eligible for a $7500 federal EV tax credit in 2019 tax but only able to claim about $4000. Can I claim the remaining amount in 2020?

  • January 21, 2021
  • 1 reply
  • 0 views
In 2019, I bought an EV which made me eligible for a $7500 tax credit. I claimed about $4000 in 2019 due to my tax responsibility that year. Can I pick up the leftover in 2020 and claim the remaining amount in the 2020 tax return through Turbo Tax?

1 reply

DoninGA
Employee
January 21, 2021

Any remaining credit is not carried over to the next tax year.