Posts: 5
Joined: Thu Mar 28, 2019 3:14 pm

EV tax credit delaying IRS refund?

Wed Jun 10, 2020 3:21 pm

We filed our 2019 federal tax return in March. With credit for the purchase of a new Bolt EV in March 2019 (just before the quota was filled and the credit disappeared), we expect a nice refund but nothing so far and no information available online about status. Anyone sharing this experience?

Posts: 13
Joined: Sun Mar 17, 2019 11:00 pm

Re: EV tax credit delaying IRS refund?

Wed Jun 17, 2020 1:50 am

I received my state refund, but still no federal. Apparently in years past, there weren't any checks in place and people who weren't eligible for the credit, were able to exploit this. Now the IRS probably does a dealership visit and interrogates your salesperson's mother.

Don't worry, I'm sure we'll receive interest on the refund as well as a note to say they're sorry it was delayed.... :lol:
NYC to LA 78hrs 59min
1,033.6 miles in 24hrs

2015 Spark EV w/ DCFC 46,XXX miles
Purchased 1/20/18 w/ 16,5XX miles
2019 Bolt EV w/ DCFC 56,XXX miles
Purchased 3/16/19 w/ 87 miles

Posts: 297
Joined: Thu Feb 01, 2018 5:58 am

Re: EV tax credit delaying IRS refund?

Fri Jul 10, 2020 6:25 pm

I presume both of you paid withholding taxes and/or quarterly estimated tax payments in order to increase your refund with your EV tax credit.

I purchased my latest 19 Bolt EV one year ago and was told by my accountant that the $3,750 tax credit for me was wasted as I owe no federal income tax, it is not applicable to my Uber driving generated self employment tax and is not available to me for next years federal income tax. :(

Had I known that in advance, I would have put my daughter on title with me, so that she could use the tax credit! :)

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