Form 8910

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Understanding IRS Form 8910

IRS Form 8910 is designed for individuals who own alternative fuel vehicles and wish to claim the Alternative Motor Vehicle Credit. This credit encourages the adoption of energy-efficient vehicles, thereby contributing to a cleaner environment. Form 8910 calculates the amount of credit a taxpayer can claim based on the vehicle's specific characteristics.

Form 8910 Screenshot

What Qualifies for the Alternative Motor Vehicle Credit?

The Alternative Motor Vehicle Credit is available for four types of vehicles:

  • Qualified Hybrid Vehicles: These vehicles combine an internal combustion engine with an electric motor, resulting in increased fuel efficiency and reduced emissions. To qualify, a hybrid vehicle must have been purchased new and meet specific criteria outlined by the IRS.
  • Qualified Plug-in Electric Drive Motor Vehicles: These vehicles derive their propulsion solely from an electric motor and can be recharged from an external source of electricity. They include all-electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs).
  • Qualified Fuel Cell Vehicles: Fuel cell vehicles run on hydrogen and produce zero harmful emissions. To qualify, the vehicle must meet specific requirements set forth by the IRS.
  • Qualified Alternative Fuel Motor Vehicles: These vehicles operate on fuel sources other than traditional gasoline or diesel. Examples include natural gas vehicles, propane vehicles, and vehicles fueled by hydrogen obtained by electrolysis.

Completing IRS Form 8910

To claim the Alternative Motor Vehicle Credit, taxpayers need to complete Form 8910 accurately. Here are the key sections of the form:

  1. Identification: Provide your name, Social Security number (or taxpayer identification number), and the year for which you are filing the form.
  2. Vehicle Information: Include details about the vehicle for which you are claiming the credit, such as the make, model, year, and vehicle identification number (VIN).
  3. Qualified Vehicle Acquisition: Indicate the date on which you purchased or leased the vehicle and whether it was new or used.
  4. Vehicle Description: Provide additional details about the vehicle, including the fuel type and whether it is a hybrid, plug-in electric drive motor vehicle, fuel cell vehicle, or alternative fuel motor vehicle.
  5. Credit Calculation: Calculate the appropriate credit based on the vehicle's characteristics and applicable limits. The IRS provides specific instructions and worksheets to determine the credit amount accurately.

Filing and Additional Considerations

Once you have completed Form 8910, you must attach it to your individual income tax return (Form 1040). Remember that the Alternative Motor Vehicle Credit is non-refundable, meaning it can only reduce your tax liability to zero. However, if your credit exceeds your tax liability, you may be able to carry forward any excess to future tax years.

It is crucial to consult a tax professional or refer to the official IRS instructions when completing Form 8910 to ensure accuracy and maximize your potential credit.

Form Versions

2019 Fillable Form 8910 (2019) Fill Out Form
Fillable online Form 8910
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