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tax credit for installing an electrical outlet in my parking area to charge my Tesla

tax credit for installing an electrical outlet in my parking area to charge my Tesla

I notified my CPA that I am due the tax credit of $7500 for purchasing a Tesla in 2017, and somewhere I read that my cost of installing the plug to charge my car was also tax deductible, Is there any substantiation available to pass along to my CPA? Thanks

Captain Ducman | 21 March 2018

https://www.afdc.energy.gov/laws/10513
Alternative Fuel Infrastructure Tax Credit
NOTE: This incentive originally expired on December 31, 2016, but was retroactively extended through December 31, 2017, by Public Law 115-123.

Fueling equipment for natural gas, propane, liquefied hydrogen, electricity, E85, or diesel fuel blends containing a minimum of 20% biodiesel installed through December 31, 2017, is eligible for a tax credit of 30% of the cost, not to exceed $30,000. Permitting and inspection fees are not included in covered expenses. Fueling station owners who install qualified equipment at multiple sites are allowed to use the credit towards each location. Consumers who purchased qualified residential fueling equipment prior to December 31, 2017, may receive a tax credit of up to $1,000. Unused credits that qualify as general business tax credits, as defined by the Internal Revenue Service (IRS), may be carried backward one year and carried forward 20 years. For more information about claiming the credit, see IRS Form 8911, which is available on the IRS Forms and Publications website. (Reference Public Law 115-123, Public Law 114-113, 26 U.S. Code 30C and 38, and IRS Notice 2007-43 (PDF))

Point of Contact
U.S. Internal Revenue Service
Phone: (800) 829-1040
http://www.irs.gov/

Flymom | 21 March 2018

Thank You Captain Duncan, I fwd this to my CPA. YOU are the best!!

Captain Ducman | 21 March 2018

LOL, Im not a tax professional but I believe this is what mine used a few years ago.

Hope it works.