Federal Qualified Plug-In Electric Drive Motor Vehicle Credit
Extracted from PDF file 2020-federal-form-8936.pdf, last modified January 2021
Qualified Plug-In Electric Drive Motor Vehicle Credit8936 Form (Rev. January 2021) Department of the Treasury Internal Revenue Service Qualified Plug-in Electric Drive Motor Vehicle Credit OMB No. 1545-2137 (Including Qualified Two-Wheeled Plug-in Electric Vehicles) ▶ ▶ Attach to your tax return. Go to www.irs.gov/Form8936 for instructions and the latest information. Attachment Sequence No. 69 Identifying number Name(s) shown on return Note: • Use this form to claim the credit for certain plug-in electric vehicles. • Claim the credit for certain alternative motor vehicles on Form 8910. Part I Tentative Credit Use a separate column for each vehicle. If you need more columns, use additional Forms 8936 and include the totals on lines 12 and 19. 1 Year, make, and model of vehicle . 2 Vehicle identification number (see instructions) 3 Enter date vehicle was placed in service (MM/DD/YYYY) 3 4a If the vehicle is a two-wheeled vehicle, enter the cost of the vehicle. If the vehicle has at least four wheels, see instructions . . . . . . . . . . . . . . 4a . . b Phase-out percentage (see instructions) . c . . . . 1 . . 2 . . . . 4b Tentative credit. Multiply line 4a by line 4b . . . . 4c (a) Vehicle 1 (b) Vehicle 2 % % Next: If you did NOT use your vehicle for business or investment purposes and did not have a credit from a partnership or S corporation, skip Part II and go to Part III. All others, go to Part II. Part II Credit for Business/Investment Use Part of Vehicle 5 Business/investment use percentage (see instructions) 5 6 Multiply line 4c by line 5. If the vehicle has at least four wheels, leave lines 7 through 10 blank and go to line 11 6 7 Section 179 expense deduction (see instructions) . 7 8 Subtract line 7 from line 6 9 % % 2,500 2,500 . . . . . . . . 8 Multiply line 8 by 10% (0.10) . . . . . . . . 9 10 Maximum credit per vehicle . . . . . . . . . 10 11 For vehicles with four or more wheels, enter the amount from line 6. If the vehicle is a two-wheeled vehicle, enter the smaller of line 9 or line 10 . . . 11 12 Add columns (a) and (b) on line 11 . 13 Qualified plug-in electric drive motor vehicle credit from partnerships and S corporations (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 13 Business/investment use part of credit. Add lines 12 and 13. Partnerships and S corporations, stop here and report this amount on Schedule K. All others, report this amount on Form 3800, Part III, line 1y . . . . . . . . . . . . . . . . 14 14 . . . . . . . . . . . . . . . . . 12 Note: Complete Part III to figure any credit for the personal use part of the vehicle. For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 37751E Form 8936 (Rev. 1-2021) Form 8936 (Rev. 1-2021) Part III Page (a) Vehicle 1 15 (b) Vehicle 2 If you skipped Part II, enter the amount from line 4c. If you completed Part II, subtract line 6 from line 4c. If the vehicle has at least four wheels, leave lines 16 and 17 blank and go to line 18 . . . . . . . . . . 15 16 Multiply line 15 by 10% (0.10) . 16 17 Maximum credit per vehicle. If you skipped Part II, enter $2,500. If you completed Part II, subtract line 11 from line 10 . . . . . . . . . . . . . . 17 For vehicles with four or more wheels, enter the amount from line 15. If the vehicle is a two-wheeled vehicle, enter the smaller of line 16 or line 17 . . . 18 19 Add columns (a) and (b) on line 18 . . . . . . . . . 19 20 Enter the amount from Form 1040, 1040-SR, or 1040-NR, line 18 . . . . . . . 20 21 Personal credits from Form 1040, 1040-SR, or 1040-NR (see instructions) . . . . 21 22 Subtract line 21 from line 20 . . . . 22 23 Personal use part of credit. Enter the smaller of line 19 or line 22 here and on Schedule 3 (Form 1040), line 6. Check box c on that line and enter “8936” in the space next to that box. If line 22 is smaller than line 19, see instructions . . . . . . . 18 2 Credit for Personal Use Part of Vehicle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Form 8936 (Rev. 1-2021)
Form 8936 (Rev. January 2021)
More about the Federal Form 8936 Corporate Income Tax
We last updated the Qualified Plug-In Electric Drive Motor Vehicle Credit in July 2021, and the latest form we have available is for tax year 2020. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Federal Internal Revenue Service. You can print other Federal tax forms here.
Other Federal Corporate Income Tax Forms:
|Form Code||Form Name|
|941 (Schedule B)||Report of Tax Liability for Semiweekly Schedule Depositors|
|Form 7004||Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns|
|Form 211||Application for Reward for Original Information|
|Form 8822-B||Change of Address or Responsible Party - Business|
|Form FinCEN104||Currency Transaction Report|
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8936 from the Internal Revenue Service in July 2021.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal Form 8936
We have a total of nine past-year versions of Form 8936 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Form 8936 (Rev. January 2021)
2019 Form 8936
2018 Form 8936
While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.