Rav4 EV Tax Refund

[liux43]

I leased the Rav4 EV a couple months ago and recieved the federal tax credit and california tax credit totaling ~$17,500. Am I eligible for any further tax refund? I asked this since I'm doing my taxes on Turbo tax and in order to deduct the Rav4 I must purchase the deluxe version otherwise it would be free.

 

[fromport]

I leased the Rav4 EV a couple months ago and recieved the federal tax credit and california tax credit totaling ~$17,500. Am I eligible for any further tax refund? I asked this since I'm doing my taxes on Turbo tax and in order to deduct the Rav4 I must purchase the deluxe version otherwise it would be free.

simple answer: You are not.

Only the (lean on the) title holder (in your case the leasing company) can take the tax credit.
The $17.5 incentive toyota lease gave you was basically the $7.5k tax credit and a $10k incentive.

 

[smkettner]

Since you leased you have no additional federal tax credits beyond what Toyota gave you on the lease. The actual tax credit belongs to the owner which is Toyota.

I assume you had the dealer apply the direct CA $2,500 rebate against the lease also?
https://energycenter.org/clean-vehicle-rebate-project

I believe there is a clean air district rebate if you live in the central valley somewhere but that is about it.
http://valleyair.org/grants/driveclean.htm

Or maybe you are in Corona?
http://www.discovercorona.com/City-.../Alternative-Fuel-Vehicle-Rebate-Program.aspx

Here is a list including some EVSE rebates.
https://www.plugincentives.com/blog/list-us-electric-vehicle-and-evse-incentives-state

 

[liux43]

I see thank you for the quick replys, now I can submit my taxes.

I did not have the dealer apply the $2,500 CVRP tax rebate directly to the down payment, but I did already receive a check in the mail for it. The car is registered in Los Angeles, doesn't seem like there are any additional incentives/rebates for the car.

Thanks

 

[riderbike37]

Congress did renew the expired EVSE installation credit at the last minute for 2014. I got something like $267 of my costs returned.