7/26/2023 0 Comments 2019 plug in hybrid vehicle taxes![]() What is the Qualified Plug-In Electric Drive Motor Vehicle Credit? However, if you’re claiming the credit as a depreciable business asset, you can carry forward any unused portion as a general business credit. The credit for personal vehicles is non-refundable and any excess value can’t be claimed on future tax returns.To claim the credit on Form 8936 with your 2022 tax return, you need to have purchased a qualifying plug-in electric vehicle prior to January 1, 2023.The credit has been replaced with the Clean Vehicle Credit for qualifying vehicles purchased after December 31, 2022.The Qualified Plug-In Electric Drive Motor Vehicle Credit is worth up to $7,500 on your 20 tax returns.
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