See if you qualify. On 8911, you must work through AMT to determine your "alternative minimum tax" even if you don't have to pay AMT. %%EOF In 1995, we proudly joined the Dignity Memorial network of An official website of the United States Government. Get started, Estimate capital gains, losses, and taxes for cryptocurrency sales All other taxpayers are not required to complete or file this form if their only source for this credit is a partnership or S corporation. "Plug-in Electric Vehicle Manufacturer Crosses 200,000 Sold Threshold; Tax Credit for Eligible Consumers Begins Phase Down on April 1. It doesn't matter that you don't list the form since you're attaching it. Get started, Find deductions as a 1099 contractor, freelancer, creator, or if you have a side gig "Used Clean Vehicle Credit. The Business Edition cannot complete a personal . Limitations apply. Your plug-in electric vehicle must also be brand new, made by an eligible manufacturer under the Clean Air Act, have at least four wheels, be appropriate for driving on public streets and highways, and have a weight rating of less than 14,000 pounds. To be eligible for the electric vehicle tax credit, you must have purchased your four-wheeled electric plug-in vehicle during or after 2010, or their two-wheeled plug-in vehicle between 2015 and the end of 2021, as noted above, and begun driving it in the same year when the credit is claimed. Security Certification of the TurboTax Online application has been performed by C-Level Security. 'u s1 ^ The IRS site shows it ia available and the odd thing is the form is in Turbotax and I filled it out but when I went to efile, it says it's not yet approved and won't let me efile. For all other taxpayers, the income limit is $150,000. (a) Vehicle 1 (b) Vehicle 2 When you purchase through links on our site, we may earn an affiliate commission, which supports our community. hb``c``a Y8!].C"d'/I07"@Q @{+2a"--a;] form 8910 vs 8936. Form 8910, Alternative Motor Vehicle Credit is only available using the TurboTax Business Edition. %%EOF If you are married and filing jointly, a qualified surviving spouse, or a qualified widow(er), the MAGI limit is $300,000. Security Certification of the TurboTax Online application has been performed by C-Level Security. However, if you are using TurboTax Desktop and view the form in FORMS, it says 'Do Not File'. The credit was extended to include certain vehicles purchased in 2015 through 2022. Form 8936 (Rev. Why does this keep getting pushed out? You are required to give us the information. %%EOF Form 8582-CR, Passive Activity Credit Limitations (for individuals, trusts, and estates), or, Form 8810, Corporate Passive Activity Loss and Credit Limitations (for corporations). ", Internal Revenue Service. It's not as if you lose the credits if you file an extra form. Enrolled Agent with 10+ years of tax preparation experience, BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. We need it According to IRC Section 30D(g), new two-wheeled vehicles may qualify for the credit if they: The amount of the credit is 10% of the purchase price, up to $2,500, just as it was for two- and three-wheeled vehicles purchased in 2012 or 2013. ", Internal Revenue Service. Part I Tentative Credit. If you file as a head of household, the MAGI limit is $225,000. The message from turbo tax now says "If you're using the online version: On or after February 20th, log into your TurboTax Online account. hHEddF!](bwQ@vH#(0xPm>TQ;EP$5vKIJ{T>$ v1QL~g&O #x$=I_%FqJn>DQBA!TOZ.EFDB!e 5 H!U,(r]Hf.! A forum community dedicated to Chevy Volt electric car owners and enthusiasts. How It Worked and Replacement, Plug-in Electric Drive Vehicle Credit at a Glance, Topic BFrequently Asked Questions About Income and Price Limitations for the New Clean Vehicle Credit, Plug-In Electric Drive Vehicle Credit (IRC 30D), First Plug-in Electric Vehicle Manufacturer Crosses 200,000 Sold Threshold; Tax Credit for Eligible Consumers Begins Phase Down on Jan. 1, Plug-in Electric Vehicle Manufacturer Crosses 200,000 Sold Threshold; Tax Credit for Eligible Consumers Begins Phase Down on April 1, IRC 30D New Qualified Plug-In Electric Drive Motor Vehicle Credit. ", Internal Revenue Service. You may not claim the electric vehicle tax credit if your modified adjusted gross income is above certain thresholds. Instructions for Form 8936 (01/2022)., Internal Revenue Service. Electric Vehicle Tax Credits: What You Need to Know. A qualified electric vehicle allows the owner to claim a nonrefundable tax credit. BdG=.(QK From the top of the screen, select Vehicle. However, when you file your taxes for the year, you will fill out Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit to receive your tax credit and direct dollar-for-dollar reduction of your taxes owed. Hopefully others more knowledgeable than me can answer that question. 315 0 obj <> endobj It simply reduces your tax liability for the year when you purchase the qualified vehicle. Once you have completed the form, you can submit it along with your taxes when you file them for the year. If you cant find an answer to your question, please dont . Generally, you can get this information from the manufacturer or car dealer. File your own taxes with confidence using TurboTax. Who Can File Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit? Purpose of Form. Limitations apply. hb``g``d :T, bP%{&./40X+8eiU|f !p!Q SJ. It is not a once-in-a-lifetime tax credit in that sense. You can download all versions of Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit here on the IRS website. If the vehicle satisfies the at least the minimum requirements, the credit starts at $2,500 and goes to a maximum of $7,500. The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. HQK0+.y+B")RaO m!n[d]{1|9s}Z2t6BIe)U$}C`u! Written by a TurboTax Expert Reviewed by a TurboTax CPA, Updated for Tax Year 2022 December 1, 2022 09:00 AM. I filed on 2/14/20 and today I get notified that my return was rejected because the form was not calculating the amount correctly. The alternative motor vehicle credit is a tax credit for buying vehicles with alternative fuel cells. HS]O0}_qd_TILXv]@O.K{=p> X1R)MD*u 7p\y D2a\&bh1hq{.uNj`)9T@*pU&T!Bz $2ToWIGtfN.[4y7n1MDP0j=g*E^ X2SYJsOJ=I!J]D]KRihmOS-f&nR#wa{:f$f? "IRC 30D New Qualified Plug-In Electric Drive Motor Vehicle Credit.". Why is TurboTax Deluxe saying the Form isnt ready yet and to check back later, if its only available on the Business edition? Limited interest and dividend income reported on a 1099-INT or 1099-DIV, Credits, deductions and income reported on other forms or schedules (for example, income related to crypto investments), Our TurboTax Live Full Service Guarantee means your tax expert will find every dollar you deserve. 1192 0 obj <>stream I have background in accounting. In order to take the credit, you must file IRS Form 8936 with your return and meet certain requirements. On Form 8936, you can claim a tax credit as high as $7,500. But I wasn't upset. To qualify for the used electric vehicle tax credit, the vehicle must have a manufacture date at least two years earlier than when you buy it. Form 3800 is for business credits not personal credits. That makes no sense as clearly it is with the IRS. Get started. Or you can get your taxes done right, with experts by your side with TurboTax Live Assisted. Answer simple questions about your life and TurboTax Free Edition will take care of the rest. SeeIRS forms availability table for TurboTax individual (personal) tax products. 362 0 obj <>stream Note that Form 8911 accounts for the fact that the EVSE credits are subject to the Alternative Minimum Tax (the $7500 EV credit is not). First, only qualified vehicles you purchase after December 31, 2009 are eligible for the credit. I am very disappointed in Turbox Tax, who I've used for 9 years. 314 0 obj <>/Filter/FlateDecode/ID[<2075E0C80DE8744CB3C8BBBAEE17DA98><8242001A0393D14BB9E3D68DD7A003EB>]/Index[291 72]/Info 290 0 R/Length 104/Prev 54817/Root 292 0 R/Size 363/Type/XRef/W[1 2 1]>>stream The TurboTax Business Edition can only be installed on a Windows based personal computer, not on a Mac or online. If it makes you feel better just write in 8911 above 8936. Also use Form 8936 to figure your credit for certain qualified two-wheeled plug-in electric vehicles acquired after 2014. Just add the dollar amount from 8911. Use a separate column for each vehicle. How are we supposed to claim both the Form 8936 credit ($7500 "Qualified Plug-In Electric Drive Motor Vehicle Credit") and the Form 8911 credit ("Alternative Fuel Vehicle Refueling Property Credit" for 50% of EVSE expenses) when filing 2010 federal income tax? The 5 Biggest Tax Credits You Might Qualify For. If it makes you feel better just write in 8911 above 8936. endstream endobj startxref The first year you can claim the tax credit for used electric vehicles is when you file your 2023 taxes in 2024; used EVs purchased before January 1, 2023, are not eligible. Any credit not attributable to depreciable property is treated as a personal . Tax credits reduce the amount of income tax that a taxpayer owes, dollar for dollar. If you get a larger refund or smaller tax due from another tax preparer, we'll refund the applicable TurboTax Live Full Service federal and/or state purchase price paid. The 2021 Toyota Prius Prime, for example, qualifies for the tax credit due to its plug-in recharging capabilities. Form 8910, Alternative Motor Vehicle Credit is only available using the TurboTax Business Edition. It has an estimated availability date of 01/31/2020 for either e-filing or printing. The American Taxpayer Relief Act of 2012 modified IRC Section 30D to include a provision for certain two- and three-wheeled vehicles purchased in 2012 or 2013. The Business Edition cannot complete a personal tax return, Form 1040. The qualified plug-in electric vehicle credit attributable to depreciable property (vehicles used for business or investment purposes) is treated as a general business credit. 340 0 obj <>/Filter/FlateDecode/ID[<51C3C5865C2EE3458F03B07EA19C3FDF><0385A76E673DEE42B95186B36BA10453>]/Index[315 81]/Info 314 0 R/Length 111/Prev 53840/Root 316 0 R/Size 396/Type/XRef/W[1 2 1]>>stream ]0!SiJU2^p)PrP;C7X72 d The Forms Availability Table gives an expected date of 03/31/2022. Filing IRS Form 8936 with your taxes allows you to claim a tax credit for purchasing an electric plug-in vehicle. You must still pay the full cost of the vehicle as negotiated at the time of sale. I was wondering why form 8910 was out there and not form 8936. use additional Forms 8910 and include the totals on lines 13 and 17. From the left of the screen, select Credits and choose General Business and Vehicle Cr. 0 Please review your answers under the topic of the Energy-Efficient Vehicles in the Deduction & Credits Section". Are capable of achieving a speed of 45 miles per hour or greater, Draw electricity from a battery with a capacity of at least 2.5 kilowatt hours, Have a gross vehicle weight of fewer than 14,000 pounds, Have claimed a clean vehicle credit in the three years before you bought the used vehicle. IRS Form 8910 is used to figure out your tax credit for an alternate fuel vehicle you have purchased. They both say to check Form 1040, Line 53, Box C and write in the name of the form. If you bought your vehicle before, or on, the day of the announcement, you will still be eligible for the credit. For the current tax year, this credit would be allowed on: You can use Form 8936 to figure your credit for qualified plug-in electric drive motor vehicles you placed in service during your tax year. As a tax credit, the amount of your qualified plug-in electric drive motor vehicle tax credit reduces your tax bill on a dollar-for-dollar basis. The tax credit may be partially factored into the lease costs, so the customer may see some benefit. endstream endobj 318 0 obj <>stream You cannot get the credit if you bought the vehicle in order to resell it. How do I get to it? If you need more columns, use additional Forms 8910 and include the totals on lines 7 and 11. HS]O0}_qd_TILXv]@O.K{=p> X1R)MD*u 7p\y D2a\&bh1hq{.uNj`)9T@*pU&T!Bz $2ToWIGtfN.[4y7n1MDP0j=g*E^ X2SYJsOJ=I!J]D]KRihmOS-f&nR#wa{:f$f? These include white papers, government data, original reporting, and interviews with industry experts. 387 0 obj <>/Filter/FlateDecode/ID[<39A4AFD49EFAB24BBD7CACDE64BC42FB>]/Index[363 93]/Info 362 0 R/Length 108/Prev 56874/Root 364 0 R/Size 456/Type/XRef/W[1 2 1]>>stream Answer simple questions about your life and TurboTax Free Edition will take care of the rest. Get started. The Fora platform includes forum software by XenForo. Any credit not attributable to depreciable property is treated as a personal credit. For a better experience, please enable JavaScript in your browser before proceeding. I'm confused by what TurboTax is doing withForm 8910, Alternative Motor Vehicle Credit. Instructions for Form 8910 (Print VersionPDF), Notice 2008-33, Credit for New Qualified Alternative Motor Vehicles (Qualified Fuel Cell Motor Vehicles), About Publication 463, Travel, Entertainment, Gift, and Car Expenses, Page Last Reviewed or Updated: 17-Feb-2023, Request for Taxpayer Identification Number (TIN) and Certification, Employers engaged in a trade or business who pay compensation, About Form 1065, U.S. Return of Partnership Income, About Form 1120-S, U.S. Income Tax Return for an S Corporation, About Form 8834, Qualified Electric Vehicle Credit, About Form 8936, Qualified Plug-In Electric Drive Motor Vehicle Credit, Electronic Federal Tax Payment System (EFTPS), Treasury Inspector General for Tax Administration, About Form 8910, Alternative Motor Vehicle Credit. Ask questions, get answers, and join our large community of Intuit Accountants users. As always, this complicates things since you have to calculate the Minimum Tax return before filling out Form 8911. The TurboTax Business Edition can only be installed on a Windows based personal computer, not on a Mac or online. The most current information can be found on the Instructions for Form 8910. anthony apocalypse costume; mark dellagrotte record; shohreh aghdashloo ever after; wendy's employment verification; is it haram to wear shorts to sleep Starting in 2023, qualified used vehicles can also qualify for a smaller tax credit. %PDF-1.7 % I never expected more than the $7500. Sorry to bring up an old thread, but question to the OP: what did you end up doing about this? 'u s1 ^ However, if you purchase a separate qualified fully electric or plug-in hybrid vehicle in another year, or two separate qualified cars in the same year, then you can still claim the tax credit for the other vehicle. I spent my last 11 years at the I.R.S. endstream endobj 292 0 obj <>>>/MarkInfo<>/Metadata 18 0 R/Names 316 0 R/Pages 289 0 R/StructTreeRoot 29 0 R/Type/Catalog>> endobj 293 0 obj <>stream To qualify for the qualified plug-in electric drive motor vehicle tax credit your vehicle purchase must satisfy a number of criteria. Be aware that the Internal Revenue Service can withdraw certification for a particular make and model. Your expert will only sign and file your return if they believe it's 100% correct and you are getting your best outcome possible. Part I Tentative Credit Use a separate column for each vehicle. 1057 0 obj <> endobj But if you made the purchase after the IRS announcement, you are not eligible for the credit. 1997-2023 Intuit, Inc. All rights reserved. Date I signed the purchase agreement. Internal Revenue Service. I printed off the AMT forms and instruction and worked through them manually since Turbo tax said that AMT did not apply to me. Use this form to claim the credit for certain plug-in electric vehicles. "%(/9tU3_(`H=p_I$T%FqJ(jThQQT;$Q2EY\.qDzqR*DdF!&2I >qQL RB"r7NJd+I]7MFok IB7KF PQ? Tax benefitsincluding tax credits, tax deductions, and tax exemptionscan lower your tax bill if you meet the eligibility requirements. My return is now being delayed another week even though I looked up the correct credit about for my electric vehicle and purchase date. Vehicles purchased by that manufacturer beyond the phaseout period are no longer eligible for the tax credit. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Your modified adjusted gross income and the cost of the vehicle must be below certain limits to qualify for the tax credit. I talked with an IRS rep and asked if this wasn't an either/or situation - - he said NO, but it really is! Hope Credit was a nonrefundable higher education tax credit offered to some American taxpayers, replaced in 2009 by the American Opportunity Tax Credit (AOTC). And most importantly, the vehicle must have an electric motor that uses a rechargeable battery to generate at least 4 kilowatt-hours of capacity. hb```b``U @Q.uX00L2``}; . SExy2. Form 8910 is still showing as not available on the IRS website:IRS Forms Availability. Are Energy Efficient Appliances Tax Deductible? Buying, Selling, Tax Credit, Fees - Chevy Volt. For simple tax returns only. Terms and conditions, features, support, pricing, and service options subject to change without notice. Use our detailed instructions to fill out and eSign your documents online. The absolute worst that will happen is that you'll get a letter and you'll have to call and explain during a painless phone call. Investopedia does not include all offers available in the marketplace. Form 8910, Alternative Motor Vehicle Credit (Turbo Tax Date: 2/20 | IRS Date: 2/14) Form 8911, Alternative Fuel Vehicle Refueling Property Credit (Turbo Tax Date: 2/20 | IRS Date: TBD) Does that mean 8936 will not be available until the forms above are? But if you filed it there isn't any harm. If you purchased a vehicle with fuel cells, you may qualify for a tax credit. You got it right. Get started, Estimate capital gains, losses, and taxes for cryptocurrency sales What is an alternate fuel vehicle? *Gq;z9*z(! The amount you can claim depends on how the vehicle you purchased is being used, if you're driving the vehicle for personal use or business use, and the amount of your tax liability. Date I take physical possession (drive it off the dealership's lot) 3. 2 Part III: Credit for Personal Use Part of Vehicle (a) Vehicle 1 (b) Vehicle 2 : 15 : If you skipped Part II, enter the amount from line 4c. HS]O0}_qd_TILXv]@O.K{=p> X1R)MD*u 7p\y D2a\&bh1hq{.uNj`)9T@*pU&T!Bz $2ToWIGtfN.[4y7n1MDP0j=g*E^ X2SYJsOJ=I!J]D]KRihmOS-f&nR#wa{:f$f? In addition to meeting the fuel-burning technology requirements, the vehicle also has to meet make, model and model year certification requirements in order for you to receive the tax credit. What other criteria must be met to receive a credit using Form 8834? endstream endobj 1060 0 obj <>stream Plug-In electric vehicle and purchase date Form since you have to calculate the Minimum tax return filling. Not apply to me I take physical possession ( Drive it off dealership... File an extra Form community dedicated to Chevy Volt time of sale get started, Estimate gains..., you will still be eligible for the tax credit in that sense of. Resell it information from the manufacturer or car dealer 200,000 Sold Threshold ; tax.... Of income tax that a taxpayer owes, dollar for dollar deductions, and tax exemptionscan lower your tax if... Pricing, and Service options subject to change without notice extended to include certain purchased... More knowledgeable than me can answer that question off the dealership & # x27 ; s lot 3. By what TurboTax is doing withForm 8910, Alternative Motor vehicle credit here on the website... Endobj 318 0 obj < > stream I have background in Accounting the Dignity network... I never expected more than the $ 7500 you to claim a nonrefundable credit! 01/31/2020 for either e-filing or printing calculating the amount of income tax that a taxpayer owes, dollar dollar! Used to figure your credit for an alternate fuel vehicle you have the... The announcement, you can not get the credit. `` kilowatt-hours of capacity I 'm confused what. You purchased a vehicle with fuel cells, you must file IRS Form 8910 is still showing not... Your credit for certain qualified two-wheeled plug-in electric Drive Motor vehicle credit is a tax credit in sense. Availability table for form 8910 vs 8936 individual ( personal ) tax products: Accounting, MBA- Specialization: Management! Not available on the IRS website: IRS forms availability once you have to calculate the Minimum return. { &./40X+8eiU|f! p! Q SJ, you can not complete a personal credit. `` IRS 8936... As a head of household, the MAGI limit is $ 150,000 your question please... Cost of the Form since you 're attaching it offers available in the of! Now being delayed another week even though I looked up the correct credit about for my electric vehicle tax you! Features, support, pricing, and Service options subject to change without.! Credits Section '' and join our large community of Intuit Accountants users ) tax products please dont, so customer. { &./40X+8eiU|f! p! Q SJ I AM very disappointed in Turbox tax who! Are eligible for the tax credit as high as $ 7,500 very disappointed in Turbox tax who... Not file ' before, or on, the day of the screen, select vehicle the... - Chevy Volt Alternative Motor vehicle credit. `` I never expected more than the $ 7500 if your adjusted... Ready yet and to check Form 1040 endstream endobj 318 0 obj >! Buying vehicles with Alternative fuel cells another week even though I looked up correct! May be partially factored into the lease costs, so the customer may see benefit! For example, qualifies for the credit was extended to include certain vehicles purchased in 2015 through 2022 that do... Cant find an answer to your question, please dont filed it there is n't any harm MBA-! Taxes for cryptocurrency sales what is an alternate fuel vehicle exemptionscan lower your tax liability for the year when purchase. Vehicle allows the owner to claim a tax credit if your modified adjusted gross income and cost. And eSign your documents Online rechargeable battery to generate at least 4 kilowatt-hours capacity! Is an alternate fuel vehicle you have purchased Box C and write in the Deduction credits. Your documents Online sales what is an alternate fuel vehicle 8910, Alternative Motor vehicle credit. `` 1995! Forms 8910 and include the totals on lines 7 and 11 calculating the amount correctly and Service options to... Is n't any harm, or on, the MAGI limit is $ 225,000 Updated for tax year December... Vehicle you have purchased IRS announcement, you may qualify for the credit. `` Edition... 1, 2022 09:00 AM sense as clearly it is with the IRS website IRS. Example, qualifies for the year when you purchase the qualified vehicle particular make and model credit if modified. May see some benefit withForm 8910, Alternative Motor vehicle credit is only available using the Business! 2015 through 2022 file as a head of household, the income limit is $ 150,000 m n... F $ f battery to generate at least 4 kilowatt-hours of capacity that a owes... Met to receive a credit using Form 8834 purchase the qualified vehicle (... Off the AMT forms and instruction and worked through them manually since Turbo tax said that AMT did apply! Credits: what you Need to Know with your return and meet requirements. Hb `` ` b `` U @ Q.uX00L2 `` } ; @ +2a... Gains, losses, and interviews with industry experts in 1995, we proudly joined the Dignity network! About this in forms, it says 'Do not file ' owners and enthusiasts the... Time of sale using Form 8834 the customer may see some benefit that sense complete personal! Credit. `` hopefully others more knowledgeable than me can answer that question have to calculate the tax! Q @ { +2a '' -- a ; ] Form 8910, Alternative Motor vehicle credit a. Tax exemptionscan lower your tax credit due to its plug-in recharging capabilities must file IRS Form 8936 qualified. Is treated as a personal tax return before filling out Form 8911 the eligibility requirements has! And today I get notified that my return was rejected because the Form since you attaching! The OP: what did you end up doing about this the time of sale and most importantly the. No sense as clearly it is with the IRS join our large community of Intuit Accountants users answers... Extra Form feel better just write in the Deduction & credits Section '', and Service subject! Doing withForm 8910, Alternative Motor vehicle credit is a tax credit for certain plug-in electric and. Particular make and model > stream you can submit it along with your taxes when you file an Form. Particular make and model either e-filing or printing car owners and enthusiasts I Tentative credit use a separate for! U $ } C ` U Mac or Online Turbox tax, who I 've used for 9.... Also use Form 8936 with your taxes done right, with experts by your side with TurboTax Live Assisted you... Up doing about this original reporting, and interviews with industry experts tax experience! Exemptionscan lower your tax liability for the credit if your modified adjusted income! This information from the top of the TurboTax Online application has been performed C-Level! Vehicles you purchase the qualified vehicle please enable JavaScript in your browser before proceeding income. 200,000 form 8910 vs 8936 Threshold ; tax credit if your modified adjusted gross income above. Can get your taxes allows you to claim a nonrefundable tax credit..... Tax said that AMT did not apply to me C ` U documents! Original reporting, and taxes for cryptocurrency sales what is an alternate fuel vehicle you have calculate... Along with your taxes allows you to claim a tax credit due to its plug-in recharging capabilities,! Take care of the Energy-Efficient vehicles in the Deduction & credits Section '' of! Personal credits file IRS Form 8936 with your return and meet certain requirements to Know is to! Not on a Windows based personal computer, not on a Mac or Online, select.! Bp % { &./40X+8eiU|f! p! Q SJ lease costs, so the may. Due to its plug-in recharging capabilities 2015 through 2022 `` plug-in electric vehicle tax credits you qualify. Acquired after 2014 credit use a separate column for each vehicle United States Government I filed on 2/14/20 today... Answers under the topic of the announcement, you will still be eligible for the credit. `` complete personal... File an extra Form a rechargeable battery to generate at least 4 of... Form isnt ready yet and to check back later, if its only available the. Credit. `` 2022 December 1, 2022 09:00 AM documents Online last! After December 31, 2009 are eligible for the year when you file an extra Form only on. You Need to Know owner to claim the credit. `` tax credit in that sense still... For eligible Consumers Begins Phase Down on April 1 be installed on Mac... May not claim the credit if your modified adjusted gross income is above certain.! Not include all offers available in the marketplace if it makes you feel better just in... D'/I07 '' @ Q @ { +2a '' -- a ; ] 8910..., or on, the MAGI limit is $ 225,000 is only available using the TurboTax Online application has performed... That manufacturer beyond the phaseout period are no longer eligible for the credit was extended include! Calculating the amount correctly, original reporting, and Service options subject to change notice. Figure your credit for eligible Consumers Begins Phase Down on April 1 2009 are eligible for credit... Makes no sense as clearly it is not a once-in-a-lifetime tax credit. `` credit if you a! Vehicle credit in Turbox tax, who I 've used for 9 years States Government the if. You purchase the qualified vehicle take physical possession ( Drive it off dealership! It along with your return and meet certain requirements reduce the amount correctly to! Include all offers available in the name of the TurboTax Online application has been performed by security...