That’s because the EV charger tax credit is subtracted from any federal tax that you might owe on that year’s return.Īlso, the EV charger tax credit isn’t refundable, so you won't receive cash back as a result of claiming the credit. You will also need to know your tax liability for the year that you’re claiming the credit.You will need your receipts that show the purchase price of the EV charger and any fees for installation of the charger.
To claim the federal tax credit for your home EV charger, or other EV charging equipment, file Form 8911 with the IRS when you file your federal income tax return. How to claim the EV charger tax credit: Form 8911 However, under the IRA, if you complete the business installation project after 2022, the tax credit per property item is up to $100,000 per EV charger.Īll of this means that while electric vehicle chargers are not entirely tax deductible, you might benefit, to some degree, from the tax incentives in the Inflation Reduction Act that apply for refueling property. That limit applies to projects that were completed before the end of last year. Related: How the New Federal EV Tax Credit Works for 2023īefore the Inflation Reduction Act, the limit on the amount of the EV charger tax credit for businesses was $30,000.
