To claim the EV charging tax credit, you need to focus on the Alternative Fuel Vehicle Refueling Property Credit, which is relevant for EV charging infrastructure. Here are the details:
Forms and Documentation
- Form 8911: This is the primary form for claiming the Alternative Fuel Vehicle Refueling Property Credit. It is used to figure your credit for alternative fuel vehicle refueling property you placed in service during your tax year.
- Schedule A (Form 8911): This accompanies Form 8911 and is used in conjunction with it.
- Documentation Needed:
- Proof of purchase or installation of the charging equipment.
- Records of the cost incurred for the installation or purchase of the charging infrastructure.
- Information about the property, including its location.
For electric vehicle purchases (not charging infrastructure), Form 8936 is used, but this is specifically for the vehicle purchase credits, not charging infrastructure.
Steps
- Step 1: Obtain the necessary documentation, including receipts and installation details for the charging system.
- Step 2: Complete Form 8911 and Schedule A to calculate your credit.
- Step 3: File your return with these forms attached.
Remember, while Form 8936 is used for claiming credits on electric vehicle purchases, Form 8911 is for the charging infrastructure credits.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-specific-forms-or-documentation-needed-to-claim-the-ev-charging-tax-credit/
