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Discussion Starter · #1 ·
I think I know the answer, but wanted to verify. Is there any reason one couldn't claim the Federal EV Tax credit in 2 consecutive years? Ex: Vehicle 1 purchased new in 2016, credit received. If vehicle 1 was traded in on a new EV in 2017, is there any reason the tax credit couldn't be applied for on 2017 tax return?

Thanks!
 

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Yes, you can claim the credit for as many cars as you can buy and have the tax liability to cover. Year after year.
 

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You can even buy as many cars as you want in the same year and get the tax credit assuming you had the tax liability to cover it. I could have bought 10 volts based on last year’s tax liability, alas the lack of available cash prevented me from buying even one.

Of course what would you do with 10 volts?
 
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