Did you know that there's a tax credit for buying a charger and/or installing wiring?

[RickLightning]

30% back, up to $1,000 total. File form 8911 with your tax return. Didn't buy a charger yet? Buy one and file in 2024 for the credit. https://amzn.to/3GHJ9gX

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[boggle]

They extended it through 2032 but it's subject to a number of census/wage stipulations now. Latest instructions seemingly haven't been written since the extension was announced in the Inflation Reduction Act.

 

[RickLightning]

They extended it through 2032 but it's subject to a number of census/wage stipulations now. Latest instructions seemingly haven't been written since the extension was announced in the Inflation Reduction Act.

I believe the stipulations are for COMMERCIAL INSTALLATIONS.

 

[boggle]

I believe the stipulations are for COMMERCIAL INSTALLATIONS.

Found the draft for the updated version. Don't see a distinct differentiation for census tract eligibility.

"Property placed in service after 2022 must be located in an eligible census tract."

https://www.irs.gov/pub/irs-dft/i8911--dft.pdf

 

[TaxmanHog]

"Property placed in service after 2022 must be located in an eligible census tract."

It's my understand that aspect relates to commercial installations, be it retail charging or communal charging in high density parking areas of housing complex's, etc) not relevant to personal use installations.

 

[RickLightning]

Found the draft for the updated version. Don't see a distinct differentiation for census tract eligibility.

"Property placed in service after 2022 must be located in an eligible census tract."

https://www.irs.gov/pub/irs-dft/i8911--dft.pdf

It is in the section Qualified Alternative Fuel Vehicle Refueling Property which is a commercial installation...

 

[jimfigler]

30% back, up to $1,000 total. File form 8911 with your tax return. Didn't buy a charger yet? Buy one and file in 2024 for the credit. https://amzn.to/3GHJ9gX

Yep Great deal, it covers the charger, wire, outlet and other necessary hardware cost. I'll probably look for something at the end of 2023 to replace my Lectron 32a.

 

[teaguem32]

So how would we file if we received the charger on the ER battery? I did my own intallation.

 

[EdwinT]

So how would we file if we received the charger on the ER battery? I did my own intallation.

I would assume if it’s built into the cost then it would be tough to claim it since there is no line item?

the supplies used to install though can be written off I think?

 

[meow]

I'm not sure I'd want to flag myself for an audit by claiming credit against a cost of something I didn't pay for

 

[RickLightning]

So how would we file if we received the charger on the ER battery? I did my own intallation.

Supplies only.

 

[rdr854]

Supplies only.

Why would it not be the retail price of the charger since that cost is baked into the MSRP before options and destination charge? Ford did not gibe us the mobile charger or the Charge Station Pro for free out of the kindness of its heart.

 

[RickLightning]

Why would it not be the retail price of the charger since that cost is baked into the MSRP before options and destination charge? Ford did not gibe us the mobile charger or the Charge Station Pro for free out of the kindness of its heart.

Because you can't produce a bill showing you bought it. Included options cost less than bought at retail.

 

[asianman35]

so i bought my charger on Dec 30th 2022, and will be getting installation of the outlet sometime this month. so I can claim the charger on 2022 taxes and the install on 2023 taxes right? its not like claim only once?

 

[RickLightning]

so i bought my charger on Dec 30th 2022, and will be getting installation of the outlet sometime this month. so I can claim the charger on 2022 taxes and the install on 2023 taxes right? its not like claim only once?

No. You claim both in 2023 when you put the charger "in use".

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