Hello EV experts-
Sorry to trouble you for a quick question. I have an EV (purchased this year) which I will be claiming Federal credit in the tax return. Could my wife (Jointly filing) also get a federal credit for this year, if she buys a EV. Is it 1 credit per person or 1 credit per tax return
Many thanks in advance and sorry if this was already asked
At least in 2022 you are only limited by your tax liability - meaning if you have more than $15k in tax liability you can get 2 - anything less than that will reduce your credit as it’s not refundable
thanks buddy. I had read (misread) it somewhere that it is 1 per person, which is what had thrown me off and wanted to check. Unfortunately but thankfully my tax liability is more than 15k
Federal EV Credit 2022 has no limit.
2023 has limit 1 per person I believe.
State rebates usually do have a limit