Federal tax credit - does it vary by location?

It is a federal tax credit so it is good in all states. When you do your taxes for 2017 use IRS form 8936 to make it happen.

 

By definition, Federal rebate is nationwide.

 

I think the salemans is referring to local tax credits and rebates which will vary by region.

 

You'll also need Form 6251 Alternative Minimum Tax.

 

Huh? Sources please. QPEDMVC is a credit, not a deduction and should have no effect on AMT calculation. Noting that:

1. Nowhere that I can find on form 8936 or the instructions for 8936 is AMT mentioned.
2. On form 1040 the credit is entered on line 54. AMT is entered way above that on line 45.

Some business credits can be affected by AMT but whether the plug-in credit is one of them I have no idea I am referring only to personal income tax

(note - tax advice from Since2002 and JimN is for informational purposes only and is no substitute for consulting with a qualified tax professional)

 

I just filed my 2016 Federal taxes after having purchased a Prime in late December and no, I did not have to the file the ATM form 6251. Only form 8936. Where did you get this information?

 

Hey huskers..I just found out that NE offers low intrest loans for buying EV vehicles and putting in charging stations. I had to take out a 18k conventional car loan for Pearl Prime last week...and now I find out that I could maybe have saved some dough. I will be checking into switching to the low intrest loan next week. If you are interested just google:
Alternative Fuel Vehicle and Fueling Equipment Loans
The Nebraska Energy Office, along with the state's lending institutions, finance dedicated alternative fuel* projects through Nebraska Dollar and Energy Saving Loans.

 

Thanks for the info. I will look into that.

 

Energy Incentives for Individuals: Questions and Answers

I stand corrected. The AMVC can be used to offset AMT.