gryphon
Well-Known Member
- Joined
- Aug 27, 2022
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- 405
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- Location
- Bay Area, CA
- Vehicles
- 2023 GTPE (Declined Delivery); 2023 BMW iX M60
The
The IRS Form 8911 was amended in Jan 2022 and I doubt they will change it until next tax year. The IRS website for this form is predictably out-of-date, as it states, “[d]o not report refueling property placed in service after 2021 on Form 8911 unless the credit is extended.” The credit has been extended.
The requirement that the equipment be located in an eligible census tract does not go into effect until 1/1/23. The provision extending the credit until the end of 2032 was effective upon the bill becoming law. Therefore, the credit should be available to anyone that put such equipment into service this calendar year.The home install credit is "brought back" but it is now based on zip code. Only certain zipcodes that are below the average income of the area, based on recent census data. I could not find a zip code list but then gave up anyway when I realized ours won't be on it.
The IRS Form 8911 was amended in Jan 2022 and I doubt they will change it until next tax year. The IRS website for this form is predictably out-of-date, as it states, “[d]o not report refueling property placed in service after 2021 on Form 8911 unless the credit is extended.” The credit has been extended.
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