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tax credit

  1. Tax Credit

    Newcomers to GM-VOLT.COM (See here for FAQs)
    Is it true, that when you lease a Bolt or Volt, the tax credit (which now stands at $3,750) goes to the leasing company, which in this case is a part of GM, and the customer never sees it at all? If that;s true then the Federal Law, which established that credit to encourage electric car...
  2. GOP: Cancel EV tax credit, tax EV's more.

    Politics, Finance, and Environment
    Wyoming Republican introduces new bill to end the $7,500 federal tax credit for electric cars and tax them more instead. “A bill to amend the Internal Revenue Code of 1986 to terminate the credit for new qualified plug-in electric drive motor vehicles and to provide for a Federal Highway user...
  3. Clean Cars Act of 2017 (Maryland)

    Politics, Finance, and Environment
    MD Legislature is in session. An EV tax credit reauthorization bill has been submitted and needs some fixes. Clean Cars Act of 2017 (MD SB315) f you are in MD, consider calling (not emailing or writing) your senator and your house reps. This bill is MD SB315. Next hearing is 2/14/17 before...
  4. Federal Tax Credit

    Newcomers to GM-VOLT.COM (See here for FAQs)
    Can someone please tell me if the $7500 federal tax credit begins to phase out after either: 1. The manufacturer (GM) has sold 200,000 qualifying units in TOTAL for example Volts, Sparks, Bolts ADDED TOGETHER. OR 2. 200,000 specific models for example Volts. Or 200,000 Bolts. Is it by model...
  5. Did the dealer claim the federal tax credit?

    Buying, Leasing & Selling - Chevy Volt
    This may be a little late since I already signed all of the paperwork, but I can't shake the feeling my dealer already claimed the federal tax credit. When I went to pick up they mentioned they traded the car to another neighboring state then traded it back for some reason. I didn't think...
  6. Battery Capacity for Maryland Tax Credit

    Generation 2 Volt (2016-2020)
    For those from Maryland, when you or your dealer filled out the battery capacity field on the Excise Tax Credit form, did you/they use the total battery capacity of 18.4 KWh? I got a copy of my form today, and was surprised to see that the dealer listed the battery capacity as 13.5 KWh. I...
  7. "New" Demo Volt - Tax Credit

    Generation 1 Volt (2011-2015)
    I bought a 2015 Chevy Volt with 2600 miles this last week. I was told by the dealer that it was a demo and was considered a new sale and eligible for manufacturers rebates.The sales contract reflects that it is a new sale. I asked the salesman if the dealer had claimed the tax credit. He said...
  8. $7500 tax credit Preorder Question

    Generation 2 Volt (2016-2020)
    Hi All, I was hoping to wait for the 2017 model year car because I want the ACC but am having a bit of a problem. My 2016 tax year was very lucrative and I would definitely be able to claim the full $7500.00 tax credit. I'm worried my 2017 tax year won't be as high. I'm wondering if I...
  9. The Federal Tax Credit in 2016?

    Generation 2 Volt (2016-2020)
    Hi Folks, Has it been confirmed that there will be an EV $7500 tax credit in 2016? Also will the 2016/17 Volt will qualify for the same $7500 credit? Thank You
  10. Tax credit - 0 emission certificate?

    Buying, Leasing & Selling - Chevy Volt
    My red 2015 Volt is exceeding my expectations!! I just went to to accountant to get my taxes filed, and he said in order to get the Ga state tax credit that I needed a '0 emissions' signed form from my dealer saying I'd purchased the car. I'll be going over to the dealer tomorrow, but honestly...
  11. How to tell if Federal Tax Credit has been used??

    Buying, Leasing & Selling - Chevy Volt
    I have found 2015 Chevy Volt with leather seats for 31K. The mileage on the car is at 1,500ish miles, but has never been sold, but was used as a GM company car. The dealer says the Tax Credit should be good as it has never been titled. Is there any way to check and make sure it is still good?
  12. Leasing in IL - Tax credits not being priced into lease AT ALL!

    Buying, Leasing & Selling - Chevy Volt
    Went to two dealers in the Chicago 'burbs on Monday. Neither had ever heard of pricing the Federal tax credit or the IL tax rebate (10% of purchase price, straight up cash) into a lease. Here's the math I got at both places: On a $35k car 8.25% tax due on full $35k (IL lease tax laws stink!!)...
  13. 2014 Volt Lease - Tax credit question

    Buying, Leasing & Selling - Chevy Volt
    (I'm new to the forum and couldn't find a clear explanation through my research, so apologies if this is asked frequently.) I just recently leased a 2014 Volt and was curious about the Tax credit. (Btw I reside in NC) I understand that the leasing company may claim the credit when the tax form...
  14. 2nd EV vehicle

    Buying, Leasing & Selling - Spark EV
    So the DW drives the Volt, I have an SUV as a DD and I want to get into something comparable to the volt. I was thinking golf tdi, but the spark ev looks pretty cool. Would we still be eligible for the tax credit on a second EV? Are there any other Volt owners who also have the SPARK EV...
  15. New to group & looking for a Volt

    Buying, Leasing & Selling - Chevy Volt
    Hi, I'm new to this group and excited to finally drive electric! I am looking to lease a 2014/15 Volt and have learned GM does not pass on any of the federal tax credit to the customer. Is anyone aware of a leasing company who will at least share some of it? I am trying to get pyt's at $300/mo...
  16. Tax Credit

    Buying, Leasing & Selling - Chevy Volt
    I submitted a request for a $7400 tax credit in my federal tax return. This was based on the kilowatt hours on the battery. This information was provided by the Volt advisor from OnStar. The IRS reduced my tax credit to $4500. I assumed that everyone would get the full $7500 tax credit...
  17. Federal Tax Rebate CONFUSION - Requesting fast reply.

    Chevy Volt General Discussion, News, and Events
    January 24, 2014, 3:07 p.m. EST: I'm interested in either purchasing or leasing a Volt this weekend but I'm confused buy one post (and a dealership salesperson) that indicated the $7,500.00 Federal Tax Credit ended in 2013. Is this correct? The http://www.fueleconomy.gov/feg/taxphevb.shtml...
  18. Tax Credits / Looking for a new Volt Owner in the State of Oregon to brainstorm with!

    Buying, Leasing & Selling - Chevy Volt
    Good day... I live in Portland Oregon. I just purchased a 2013 Volt. I just had a GE 240v Level 2 charger installed in my home. I am hearing about some pretty nice tax credits from both state and federal that I we may be intitled to. I am a tax idiot (have been using H&R Block for 20 years)...
  19. Can someone explain to me in simple terms how the tax credit works (example provided)

    Buying, Leasing & Selling - Chevy Volt
    So, (Keeping it simple) Lets say for example someone earns $80,000 and the employer withholds $11k in Federal Taxes - but after doing the taxes the total taxes owed are only $9k - so this person gets a $2000 refund check. If this person buys a Volt, and claims the Tax Credit -- Do they get...
  20. IRS Form 8936 - Qualified Plug-in Electric Drive Motor Vehicle Credit

    Generation 1 Volt (2011-2015)
    The instructions on this IRS form state that you need a Manufacturer's Certification along with some other criteria if asked to substantiate your claim for the $7500 tax credit (which I have been asked to do). *** Certification and other requirements. Generally, you can rely on the...
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