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Solved

I have inputted my electric vehicle VIN etc for the qualifying credit and it shows up but not in total refund, why?

Forum|Forum|1 year ago
December 27, 2024
2 replies
0 views

I owe more than $7500 so why wouldn't the credit be applied to my refund?

Best answer by VolvoGirl

Does it show up on 1040 line 20 (from Schedule 3 line 6i)? That is a non-refundable credit. It can only reduce the tax to zero and not create a refund. Then you will get back any withholding taken out, estimates paid and any refundable credits.

Employee

A credit it applied toward the tax you owe and reduces the amount you need to pay. The EV credit is not a refundable credit---you do not get it as a $7500 refund.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

VolvoGirlAnswer

Employee

Does it show up on 1040 line 20 (from Schedule 3 line 6i)? That is a non-refundable credit. It can only reduce the tax to zero and not create a refund. Then you will get back any withholding taken out, estimates paid and any refundable credits.