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April 15, 2025
Question

Why is my used EV credit only $2,981 when it should be $4,000? I marked it as a personal car and the sales price was $16,990

  • April 15, 2025
  • 1 reply
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I marked it as a personal car and the sales price was $16,990

    1 reply

    LindaS5247
    April 15, 2025

    This credit is a nonrefundable credit when you file your taxes, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.


     

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