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Filing Form 8936 and calculating plug-in electric drive vehicle credits in ProSeries

SOLVEDby IntuitProSeries Basic26Updated May 16, 2022

When filing Form 8936, your client thought their plug-in electric vehicle qualified for a $7,500 credit, but the program is calculating a lesser amount. 

How ProSeries calculates electric vehicle credits

Here's a breakdown of how the program calculates electric vehicle credits:

The credit's current value of $2,500

  • Plus $417 (if the battery stores at least 5 Kilowatt hours (KWh))
  • Plus $417 for each KWh exceeding 5 KWhs

= your total vehicle credit.

For example, a car with a 10 KWh battery would be eligible for a credit of $5,002.

The credit limit is reduced for two- and three-wheel vehicles. If the vehicle is a four-wheel vehicle, make sure you have the correct type of vehicle shown in Part I of the Form 8936 Worksheet.

For more information about Form 8936, see About Form 8936, Qualified Plug-In Electric Drive Motor Vehicle Credit.

You can find tentative credit amounts at Plug-In Electric Drive Vehicle Credit

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