Question

I paid for an EV charger and paid for installation in 2020. I didn't realize that I could apply for a tax credit. Is it possible to apply for the tax credit this year?

Forum|Forum|4 years ago
January 11, 2022
1 reply
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I didn't apply for the tax credit in 2021. Can I retroactively apply for the tax credit this year?

TurboTax Online

You would need to Amend Your Return for 2020 in order to claim the credit. The EV credit can only be taken in the year the expense was paid.

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T

tptrojanAuthor

Thank you for the quick reply. I paid more in taxes than the tax credit for which I'm applying. If I amend my 2020 tax return, can I expect to get a refund for the amount of the tax credit?

T

Texas Roger

Employee

The credit covers 30% of the costs of the charger and installation with a maximum $1,000. Since it is what is called a non-refundable credit, the amount of EV charger credit you can get is limited by your tax liability as shown on line 16 of form 1040. The amount of tax liability available will first be reduced by any other higher priority credits such as child tax credit which you can see on Schedule 3 Part I. The credit not affected by any amount of refund or tax paid.