how many times can you claim fed tax credit for PHEV

Discussion in 'General' started by JKroll, Jul 18, 2018.

To remove this ad click here.

  1. JKroll

    JKroll Member

    how many times can you claim fed tax credit for PHEV

    can i take this if I buy multiple cars in same year?
     
  2. To remove this ad click here.

  3. JyChevyVolt

    JyChevyVolt Active Member

    Look at line 56 on your tax return.
    Line 63, if you own a business.

    1) Around $7500, then 1 EV.
    2) Around $15,000, then 2 EV.
    3) Around $22,500, the 3 EV.

    Edit: Some EVs don't qualify for the full tax credit ($7500).
     
    Last edited: Jul 18, 2018

Share This Page