Charging station for electic car deduction

What is the electric vehicle charging tax credit?

For consumers who purchase and install an electric vehicle charger for their principal residence, the tax credit equals 30% of the cost, up to a maximum credit of $1,000 per charging port.

Are electric vehicle chargers tax deductible?

All of that means that while electric vehicle chargers are not entirely tax deductible, you might benefit, to some degree, from the tax incentives in the Inflation Reduction Act that apply for refueling property.

Can I claim a deduction for installing an energy-efficient charging station?

Yes, you can claim a deduction for installing an energy-efficient electric vehicle charging station. For an energy-efficient vehicle charging station: Click on I'll choose what I work on (if shown). Scroll down to Cars and Other Things You Own. On Energy-Efficient Vehicle Charging Station, click the start or update button.

When does the electric vehicle charging equipment tax credit expire?

For consumers who purchase and install qualified alternative fuel vehicle refueling property for their principal residence, including electric vehicle charging equipment, between December 31, 2022 and January 1, 2033, the tax credit equals 30% of the cost with a maximum amount of $1,000 per item.

Should I install an electric vehicle charger at my home?

Installing an electric vehicle charger at your home can make charging an electric vehicle simpler, faster, and more convenient, while potentially increasing your home’s property value. This tax credit can offset some of the costs associated with the purchase and installation of qualified charging equipment.

What type of vehicles are eligible for charging stations?

The definition of qualified property includes charging stations for 2- and 3-wheeled electric vehicles (for use on public roads). As of January 1, 2023, bidirectional charging equipment is also included.