Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

EV CAR CREDIT

mohan
Level 3

Hello, 

I need help to get EV car credit for my clients. I did two/three clients so far EV credit. But, now I have two clients, they produce me details of Tesla 3 and Tesla Y models. But EV tax credit is not calculating. If I wrote any Car name as model other than Tesla it works. 

I try to get online resources about EV credit for Tesla but not trustworthy and confusing. 

Anyone can help me please at this crucial moment. 

 

0 Cheers
3 Comments 3
abctax55
Level 15

Tesla sales maxed out in prior years so there's no credit available in 2022; Tesla's don't qualify again until 2023 (new tax law... but I'm too tired to remember the acronym)

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
BobKamman
Level 15

@abctax55  How could you forget IRA ?

0 Cheers
qbteachmt
Level 15

Bookmark and use this website:

https://afdc.energy.gov/laws/electric-vehicles-for-tax-credit

There are tabs there, to help, because there are at least three ways to check on this. By year purchased, by year in service, and whether it is used or new. For instance, one requirement changed in August 2022 (location of final assembly).

*******************************
"Level Up" is a gaming function, not a real life function.
0 Cheers