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Fill out Form 8936: Download and complete IRS Form 8936, the Qualified Plug-in Electric Drive Motor Vehicle Credit form. You’ll need to provide vehicle details, including the Vehicle ...
Currently the standard credit for a qualified alternative fuel vehicle is $4,000. Other than the Civic GX, a number of models produced after 2004 may qualify for tax credits. [13] Electric vehicles: Government tax credit programs are planned for electric and plug-in hybrid vehicles, but no specific models have yet been certified. [14]
The qualified plug-in electric vehicle credit phases out for a PEV manufacturer over the one-year period beginning with the second calendar quarter after the calendar quarter in which at least 200,000 qualifying vehicles from that manufacturer have been sold for use in the U.S. Cumulative sales started counting sales after December 31, 2009.
To claim the credit, you need to attach Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit (Including Qualified Two-Wheeled Plug-in Electric Vehicles), to your tax return.
To qualify for the tax credit, a car cannot cost more than $55,000. SUVs, pickups and vans can't exceed $80,000. And a buyer's gross income must be no more $150,000 if single, $300,000 if filing ...
Pages for logged out editors learn more. Contributions; Talk; Electric motor vehicles tax credit in the United States
Up until five days ago, car buyers had to wait until they filed their federal income taxes to receive the benefits of the federal electric vehicle (EV) tax credit.However, changes to EV tax breaks ...
This article was edited to clarify that the credit is also available for used electric vehicles. Electric vehicle (EV) owners could reap the benefits from the stunning deal on climate change and ...