Current Tax Benefits. I am assuming the write up for this link was written well before the current tax bill was even proposed and is more than likely a mistake. If the AMT was the difference between (regular tax - credits) and (tentative minimum).. then I'd have an AMT amount due.. and I don't. If your Regular Taxes Before Credits - Credits < Tentative Minimum Tax you get no credit. 9. 40404. 02/18/2021. Nonrefundable credit reduces your Tax liability (Tax due ) to 0 but it won't create or increase your refund. Is the “Alternative Fuel Vehicle Refueling Propert... Is the “Alternative Fuel Vehicle Refueling Property Credit Form 8911” available for 2017? Thanks for the quick response, but there is some confusing information. 01/21/2021. Alternative fuel vehicle refueling property credit (a) Credit allowed. My Alternative Vehicle Refueling Property Credit is also showing a zero. IRS website which was updated last on 12/07/2017 lists before January 1, 2017 - http://docs.house.gov/billsthiswe... https://www.congress.gov/bill/115th-congress/house-bill/1892/text?r=1#toc-H67C6145A32EF42D68D1734B2A... Premier investment & rental property taxes. Form 8911, Alternative Fuel Vehicle Refueling Property Credit. I manually calculated it and appears I am owed the credit. I found this statement in TurboTax under the  alternative fuel vehicle refueling property credit section: Can you provide a link to that statement? Add lines 7 and 8. PURPOSE This notice sets forth interim guidance, pending the issuance of regulations, relating to the new qualified alternative fuel vehicle (QAFV) refueling property credit (“Refueling Property Credit”) under § 30C of the Internal Revenue Code. I understand that it will not increase my refund - however, I am not receiving a refund. I hate to disagree with Luis, since obviously he's a tax professional and I'm just some dude.. but my regular tax minus my credits is already WAY under my tentative minimum tax.. because my credits are quite large between my PHEV purchase and all of my kids. The AFTC extends the $0.50 per gallon fuel credit/payment for the use of natural gas as a transportation fuel. I am running into the same problem - specifically, Alternative Vehicle Refueling Property credit $0. I am having the issue as well. However, non-taxable entities can negotiate with a partner/vendor, if the vendor qualifies for the tax credit. Please let us know, that you are aware of the glitch and that someone is working on fixing it. Just a follow up since @fishev says he uses TurboTax, here’s what 30 seconds searching TurboTax has to say about the topic (I’ll use direct quotes here, since @fishev doesn’t seem to understand anything else): “Energized individual returns [...] The maximum credit is $1,000 or 30 percent of the installation cost, whichever is lower. or just the charging station equipment? The alternative fuel vehicle refueling property credit expired at the end of 2016 and was not renewed by Congress. . Additionally, I would  very much like to get my taxes filed ASAP. available. Did you look at your AMT worksheet? Once upon a time, any “hybrid vehicle” would qualify the owner for a generous income tax credit and give the owner authorization to drive in carpool lane without a passenger, without fear of getting a ticket. Because I don't have an AMT amount due, I should be able to take this credit based. TurboTax removed this form with the latest update that was just pushed out. My total tax line is well above zero, so I should be eligible to take the 30% credit. So .. even though I owe taxes.. and have no AMT.. because my NRT is less than my TMT.. Before I pay those taxes I want to make sure I am taking full advantage of every opportunity to lower those taxes. What Is Tax Form 8834 for Qualifying Electric Vehicle Tax Credits. I can assure you that I do, as, it appears, many of those commenting do, owe taxes. This is 100% TurboTax's issue and it needs to be corrected. February 2020) 8911 Form (Rev. Partnerships and S corporations, report this amount on Schedule K. All others, report this amount on Form 3800, line 1s . constitutes alternative fuels vehicle refueling property or electric vehicle refueling property; and; has not been paid for from the proceeds of grants awarded before January 1, 2015, including grants from the New York State Energy Research and Development Authority or the New York Power Authority. Use this form to figure your credit for alternative fuel vehicle refueling property you placed in service during your tax year. Use Form 8911 (Rev. Posted by. I've been waiting for Turbotax Deluxe 2019 to updated for Form 8911 so I can record the costs of my EV charging station installed in January 2019. What Is Form 8911: Alternative Fuel Vehicle Refueling Property Credit Looks like US Congress just extended 30% tax credit on EV charging station installation - Sec. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. GM-Volt: Chevy Volt Forum > Chevy Volt Forums > Generation 2 Volt (2016-2020) > Form 8911: Alternative Fuel Vehicle Refueling Property Credit PDA View Full Version : Form 8911: Alternative Fuel Vehicle Refueling Property Credit It does have to do with AMT. I don't meet either of the two exclusion scenarios: - If your credit is bigger than what you owe in taxes, the taxes you owe are reduced to zero, and the rest of your credit is lost. However, with the lack of information regarding this situation, I am no longer convinced purchasing TurboTax is the best option. U.S. Code ; Notes ; prev | next (a) Credit allowed. - If your credit is bigger than what you owe in taxes, the taxes you owe are reduced to zero, and the rest of your credit is lost. ) . The section 30C alternative fuel vehicle refueling property credit was retroactively extended to cover refueling property placed in service in 2018, 2019, and 2020. General. Tax Benefits of Alternative Fuel Vehicle Refueling Property. Part III Credit for Personal Use Part of Refueling Property. . 3. The Alternative Fuel Vehicle Refueling Property Credit is a nonrefundable credit. Can ya'll fix this so we may file? I can't take this credit. The law extends both the Alternative Fuel Tax Credit and the Alternative Fuel Vehicle Refueling Property Tax Credit for three years – retroactively for 2018 and 2019 and prospectively for 2020. When I entered the cost of my personal EV charging station the resulting tax credit was $0. SoftwareDiscountUSA.com TurboTax Deluxe + State 2020 [Download] - Get your taxes done right with Turbotax TurboTax is tailored to your unique situation – it will search for the deductions and credits you deserve, so you’re confident you’ll get your maximum refund Includes 5 free federal e-files and one download of a TurboTax state product. Alternative Fuel Vehicle Refueling Property Credit Form 8911 (Rev. Fuel your savings. Purchase of property which is directly related to the delivery of an alternative fuel for use in AFVs. Form 4797, Sales of Business Property (page 1) 01/21/2021. Nonrefundable credit reduces your Tax liability (Tax due ) to 0 but it won't create or increase your refund. 40404. Question: Can only taxable entities apply for the Alternative Fuel Vehicle Refueling Property federal tax credit (excluding municipalities, non-profits, and other non-taxable entities)? I did fill out the form manually and now I see that this isn't just about AMT.. or TMT by itself.. it really comes down to whether or not your Net Regular Tax (regular tax minus credits) is less than the TMT. Which is it? Please investigate. Charging. available. Nothing similar was passed for the 2018 tax year, however, and given the shutdown, I don't expect we will see anything before the April 15th filing deadline, if at all. @woodgtrplyr - The Alternative fuel vehicle refueling property credit expired at the end of 2016. I'm not, and I still get $0. Form 8911 Department of the Treasury Internal Revenue Service Alternative Fuel Vehicle Refueling Property Credit Attach to your tax return. If you switch to an itemized deduction you have a few (Charitable Donations, Sales Tax, and I think Mortgage Interest) deductions that get subtracted from Alternative Minimum Tax which might be enough to get you a credit. available . The credit attributable to depreciable property (refueling property used for business or investment purposes) is treated as a general business credit. If it's a personal use charger, you put a 0 there and then skip down to Part III "Credit for Personal Use Part of Refueling Property" and allocate 100% of the cost to personal use. The credit option no longer appears in the workflow. The Bipartisan Budget Act of 2018 retroactively reinstated this credit (and 31 others) through 2017. Filing Tax Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit. I have a bunch of kids.. so even without my EV credit I would never have a large enough gap between my NRT and my TMT to squeeze this in. Additionally, the Energy-Efficient Vehicle Charging Station should not even be listed as an option in the program since the credit has expired. Periodic updating. What is it basing that on if the form doesn't even exist yet? https://www.irs.gov/credits-deductions/individuals/alternative-fuel-vehicle-refueling-property-credi... https://www.law.cornell.edu/uscode/text/26/30C">https://www.law.cornell.edu/uscode/text/26/30C Review Tax Summary and Look at Tentative Tax - Total Credits and if that number is smaller than the Tentative Minimum Tax you get $0.00 credit. When will Turbo Tax update its forms? Please reply with information about when this glitch in the Turbo Tax software will be completed. §30C. The form: About Form 8911, Alternative Fuel Vehicle Refueling Property Credit | Internal Revenue Service Not even mentioned on their website: Federal Tax Form Updates for Tax Preparation Software | H&R Block® Anyone know if any competing products include … Form 8911 and its instructions will no longer be updated annually. I am running into the same problem - specifically, Alternative Vehicle Refueling Property credit  $0. I did find an answer to why the credit was calculating at zero (Thanks Luis from Turbotax support). It has not been renewed or extended for ta year 2017. I installed a heat pump in 2018 and want to amend that year's return to get the $300 credit with form 5695. I've been convinced that I was not missing out on credits or deductions and that completing my taxes on my own with the help of TurboTax was as least as good as, if not better than, paying a tax preparer. You can read the Instructions for Line 17/18 Here:  https://www.irs.gov/pub/irs-pdf/i8911.pdf. Certain fuel cell motor vehicles could qualify for the Alternative Motor Vehicle Tax Credit, but many of the credits have been reduced or phased out. I am also very confused by this. What is a 1098-C: Contributions of Motor Vehicles, Boats and Airplanes. Re: Is 2019 Form 8911 (Alternative Fuel Vehicle Re... Is 2019 Form 8911 (Alternative Fuel Vehicle Refueling Property Credit) working? The Alternative Fuel Vehicle Refueling Property Credit is a nonrefundable credit. As you can tell, those of us complaining are very much aware that, as a credit, the credit amount will be zero if we owe no taxes. To verify the numbers visit "Federal" ->  "Other Tax Situations" -> Alternative Minimum Tax. Second question. Part II/Line 2 is the business/investment use part. Looks like US Congress just extended 30% tax credit on EV charging station installation - Sec. Instead, they’ll only be updated when necessary. Do you have an AMT value? 02/18/2021. 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