Home

What is the credit for charging or refueling stations for energy-efficient vehicles?

You may be eligible for the credit for charging or refueling stations for energy-efficient vehicles if you install an alternative fuel vehicle station at your home or business. Note: For more information, visit the IRS Web site at www.irs.gov and search for the instructions for Form 8911, Alternative Fuel Vehicle Refueling Property Credit.

 Do I qualify for the credit for charging or refueling stations for energy-efficient vehicles?

Charging stations for plug-in electric or hybrid electric vehicles qualify for this credit. You can claim this credit if you installed a charging or refueling station at your home. You can claim this credit if you installed a charging or refueling station at your business location. Eligibility requirements The following conditions must be met to qualify for this credit: - You started using the station in 2014. - You are the original owner of the station. - The station is used primarily in the United States. - The station is installed in your main home or business location. Limitations of this credit - Personal Use - If your credit is bigger than what you owe in taxes, the taxes you owe are reduced to zero, and the rest of your credit is lost.

 Example: If you owe $800 in taxes, and you receive a credit of $1,000, the tax you owe is reduced to zero, and the remaining $200 is lost. You won't receive a refund for the remaining $200. - If you pay alternative minimum tax (AMT) you will not be able to claim this credit. If you are close to paying AMT, this credit may be limited by your tentative minimum tax as calculated on Form 6251, Alternative Minimum Tax - Individuals, line 33. Limitations of this credit - Business Use - The business portion of the credit is part of Form 3800, General Business Credit, so any unused amount of the credit is not lost, but is eligible for the carryback/carryforward provisions of the general business credit. - If you use this station for business and claim a depreciation deduction, you must subtract the credit amount when TurboTax asks you to enter the cost of the refueling station in the Business (Schedule C) or Farm section of the program.

Example: You paid $5,000 for your Nissan Leaf charging station, which you use for your own business. The charging station is eligible for a credit of $1,500. To claim the depreciation deduction, you must subtract this credit amount when entering the cost of the refueling station in the Business or Farm section of TurboTax. Credit Recapture You may have to recapture some or all of the credit if the station no longer qualifies for the credit. TurboTip: For more information, visit the IRS Web site at www.irs.gov and search for the instructions for Form 8911, Alternative Fuel Vehicle Refueling Property Credit.

What paperwork do I need for the credit for charging or refueling stations for energy-efficient vehicles?

To claim this credit, refer to your original purchase records for the station or receipts related to the cost of the station's installation. You do not need to submit these with your tax return. Credits related to the credit for charging or refueling stations for energy-efficient vehicles