If you purchased a new vehicle that runs on electricity drawn from a plug-in rechargeable battery, you may be eligible to claim the qualified plug-in electric drive motor vehicle tax credit, which can reduce your tax bill. In order to take the credit, you must file IRS Form 8936 with your return and meet certain requirements.
To prepare your tax return with this credit, we need all of the following information:
Description | Client’s Information |
Car Model Year | |
Date Purchased | |
Amount of battery capacity kilowatt hours | |
Gross Vehicle Weight | |
Make | |
Model | |
Vehicle Identification Number (VIN): | |
Cost of Vehicle |
Please fill out this form and send it back to your tax accountant.
To see an updated list of the accepted vehicles for this credit, please refer to this IRS page:
https://www.irs.gov/businesses/irc-30d-new-qualified-plug-in-electric-drive-motor-vehicle-credit
You can download this file here: