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June 1, 2019
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If you are required to pay AMT, how does that impact the possible EV credit?

  • June 1, 2019
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Best answer by Critter

Per the IRS website:"...Starting in 2009, the new law allows the alternative motor vehicle credit, including the tax credit for purchasing hybrid vehicles, to be applied against the alternative minimum tax." http://www.irs.gov/uac/Energy-Incentives-for-Individuals:-Questions-and-Answers

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Critter
CritterAnswer
June 1, 2019

Per the IRS website:"...Starting in 2009, the new law allows the alternative motor vehicle credit, including the tax credit for purchasing hybrid vehicles, to be applied against the alternative minimum tax." http://www.irs.gov/uac/Energy-Incentives-for-Individuals:-Questions-and-Answers