constitutes alternative fuels vehicle refueling property or electric vehicle refueling property; and has not been paid for from the proceeds of grants awarded before January 1, 2015, including grants from the New York State Energy Research and Development Authority or the New York Power Authority. Look in the Deductions and Credits section. list. I can assure you that I do, as, it appears, many of those commenting do, owe taxes. - If you pay alternative minimum tax (AMT) you will not be able to claim this credit. Turbo tax updated their supported form listing yet again. I don't meet either of the two exclusion scenarios: - If your credit is bigger than what you owe in taxes, the taxes you owe are reduced to zero, and the rest of your credit is lost. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Pub. As you can tell, those of us complaining are very much aware that, as a credit, the credit amount will be zero if we owe no taxes. Anyone have luck with this form in TT 2019? I manually calculated it and appears I am owed the credit. I did find an answer to why the credit was calculating at zero (Thanks Luis from Turbotax support). ... but there is a tax credit for the cost of charging infrastructure to power so called clean vehicles with alternative fuel. Thanks. The law extends both the Alternative Fuel Tax Credit and the Alternative Fuel Vehicle Refueling Property Tax Credit for three years – retroactively for … Nonrefundable credit reduces your Tax liability (Tax due) to 0 but it won't create or increase your refund. They are retroactive for 2018, 2019 and prospectively for 2020. As per the TT tax form availablity schedule, form 8911 was updated on 2/20/2020 in my Turbotax. For all tax years beginning on or after January 1, 2015, but before January 1, 2018, if you install and operate a qualified alternative fuel vehicle refueling property, you may be allowed a credit against the tax otherwise due for any tax year in which you construct the refueling property. You placed it in service during the tax year. The provision extends through 2019 a credit for the installation of alternative fuel vehicle refueling property placed in service before 2020 Available for property that dispenses alternative fuels including ethanol, biodiesel, natural gas, hydrogen, and electricity, the credit is capped at $30,000 per location for business property and $1,000 for property installed at a principal residence. To verify the numbers visit "Federal" ->  "Other Tax Situations" -> Alternative Minimum Tax. If you have no tax liability for the credit to be applied against, then TurboTax would show your personal portion is 0. Is there a way to sign up for notifications when this form becomes available in TurboTax? Form 8911 and its instructions will no longer be updated annually. Fueling equipment for natural gas, propane, liquefied hydrogen, electricity, E85, or diesel fuel blends containing a minimum of 20% biodiesel installed through December 31, 2021, is eligible for a tax credit of 30% of the cost, not to exceed $30,000. Form 8911 and its instructions will no longer be updated annually. January, 2020. No there is no federal tax credit for installing an electric car charger at your home in 2018. The credit is limited to $3,500 multiplied by the number of miles of track owned or leased by the taxpayer at the end of the taxable year. **Say "Thanks" by clicking the thumb icon in a post. Is it working for anyone?? General Information. Can ya'll fix this so we may file? Find out what other tax breaks have been extended. At the end of 2019, President Trump signed into law the Further Consolidated Appropriations Act, 2020. Did you look at your AMT worksheet? The credit attributable to depreciable property (refueling property used for business or investment purposes) is treated as a general business credit. 8911, Alternative Fuel Vehicle Refueling Property Credit" will be available 02/12/2020. February 2020) 8911 Form (Rev. It looks like turbo tax updated their supported form listing. When I entered the cost of my personal EV charging station the resulting tax credit was $0. L. 110-172, Sec. We are looking for 8911 which is missing from the "IRS forms availability table for TurboTax individual (personal) tax products" list and the "Which IRS forms are not included in TurboTax?" Please let us know, that you are aware of the glitch and that someone is working on fixing it. While TurboTax does not provide form notification, you can click Forms Availability to see when form 8936 will be available. The new law also retroactively extends the Alternative Fuel Vehicle Refueling Property Credit, which allows operators to claim up to 30 percent or $30,000 of the cost of installing qualified alternative fuel vehicle refueling property, including propane autogas refueling equipment. February 2020) Department of the Treasury Internal Revenue Service Alternative Fuel Vehicle Refueling Property Credit Attach to your tax return. (b). The IRS Code (Section 30C) provides for a nonrefundable income tax credit equal to 30% of the cost of “qualified alternative fuel vehicle refueling property” that includes property used for the storage or dispensing of a “clean burning fuel” (propane) into the fuel tank of a motor vehicle propelled by propane, but only if propane is stored or dispensed where propane is delivered … Please reply with information about when this glitch in the Turbo Tax software will be completed. 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