Credit portal




How to Get a Tax Credit for the Chevy Volt

The Chevrolet Volt is a hybrid vehicle that uses an electric motor most of the time but is equipped with a gasoline engine that powers an electrical generator to charge the battery on long trips. Chevy Volts qualify for a hefty federal tax credit. According to the National Council of State legislatures, many states also offer incentives for purchasers of Chevy Volts and other plug-in hybrids. Available incentives change, so check with your state’s department of revenue for current incentive programs.

Other People Are Reading

Claiming the Federal Tax Credit

The federal tax credit for Chevy Volts can trim $7,500 off of your tax bill. Purchasers of the Chevy Volt or other plug-in hybrids can claim the full credit until the manufacturer produces 200,000 vehicles after January 1, 2010. After that, the credit will begin to phase out starting January 1 of the second calendar year after the 200,000 mark is reached. To claim the credit, complete Form 8936 and attach it to your tax return. Provide the make, model and year of the car along with the Vehicle Identification Number.

State Incentives for Chevy Volts


More Like This

How Much Electricity Is Used By a Chevy Volt ?

Ontario Hybrid Incentives

How the Hybrid Engine Works

You May Also Like

Income tax credits provide dollar-for-dollar reductions in the amount of taxes that you owe. The government offers income tax credits for a.

Work for Yourself; Your Business. Starting a Business; Managing Employees;. How to Get a Tax Credit for the Chevy Volt; Tax.

GM-Volt: How Charging of the Battery Works in the Chevy Volt; Photo Credit electricity image by Mat Hayward from; More Like.

Photo Credit holding winning lottery. Powerball lottery win is the hefty tax bill that inevitably accompanies millions of dollars. How Does.

An Employer Federal Tax ID Number can also be called an Employer Identification Number. Photo Credit tax forms image by Chad.

. you want to take applicable tax deductions to reduce your taxable income and tax credits to. How to Pay Less.

The four cars eligible for this credit are the Chevy Volt, CODA Sedan, Nissan Leaf and Tesla Roadster. Related Searches. IRS.


View Blog Post

Category: Credit

Similar articles: