Can you tax-credit multiple EVs in same calendar year?

Discussion in 'Clarity' started by Jimmy Vo, Aug 17, 2020.

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  1. Jimmy Vo

    Jimmy Vo Member

    I think the answer is yes, but just want to confirm with experts here since I am very new to EV. I just bought Honda Clarity 4 weeks ago, like EV so much, decide to get the Nissan Leaf
    Can I still get
    7500 from Fed
    2000 from CA
    800 from PG&E

    I live in Northern California, Bay Area, Alameda County

    Thanks a lot.
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  3. Robert_Alabama

    Robert_Alabama Well-Known Member

    Yes to the Federal, I don't know about California and PG&E, maybe someone from California can weigh in. Note that your tax liability will have to be at least $15,000 for 2020 to use both Federal Tax credits, as they don't carry over to help with future years tax liability.
  4. moka

    moka New Member

  5. Jimmy Vo

    Jimmy Vo Member

    On Clarity, I filed under my name. This time, I let my wife file for the Nissan Leaf.
    Would we still get $2000 from CA? Experts help please....
    Thanks so much.
  6. S L .

    S L . Active Member

    For the federal: I didn’t buy 2 ev in the same year but bought an ev and solar in the same year. I ran into some issue with the eAMT ( estimated alternative minimum tax) that i could not claim both. If i claimed both, my tax would be lower than the AMT. What you can do is play around with turbo tax (use 2019 version) to see if you can qualify for both. It will depend on your financial situation.

    Sent from my iPhone using Inside EVs
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  8. jdonalds

    jdonalds Well-Known Member

    I too had solar installed and bought the Clarity in December 2017. If I remember correctly the whole tax credit had to be done in one year whereas the solar could be spread over several (five?) years. This was in CA.
  9. Agzand

    Agzand Active Member

    I think PG&E was one per billing address when I filed, but I am not sure. If you have 2 accounts under your name could be possible.
  10. What is interesting about the Alternative Minimum Tax is that it guarantees that the Maximum tax is paid, and there is no Alternative.
    TomL and insightman like this.
  11. Agzand

    Agzand Active Member

    Unless you are a millionaire or better yet a billionaire, particularly in real estate.
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  13. Surely, billionaires who have made their fortunes from internet sales, software companies, social media platforms, smart phone sales, etc. utilize the tax code to their advantage as well. Why single out billionaires who have made their money in real estate?
  14. Agzand

    Agzand Active Member

    I guess it is based on anecdotal evidence, just some one that I know.

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