Federal Qualified Plug-In Electric Drive Motor Vehicle Credit
Extracted from PDF file 2022-federal-form-8936.pdf, last modified January 2023
Qualified Plug-In Electric Drive Motor Vehicle Credit8936 Form (Rev. January 2023) Department of the Treasury Internal Revenue Service Name(s) shown on return Qualified Plug-in Electric Drive Motor Vehicle Credit (Including Qualified Two-Wheeled Plug-in Electric Vehicles and New Clean Vehicles) Attach to your tax return. Go to www.irs.gov/Form8936 for instructions and the latest information. OMB No. 1545-2137 Attachment Sequence No. 69 Identifying number Note: This credit is for qualified plug-in electric drive motor vehicles placed in service before 2023, qualified two-wheeled plug-in electric vehicles acquired before but placed in service in 2022, and new clean vehicles placed in service after 2022. See separate instructions for vehicle definitions and other requirements. 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. 1-2023) Page 2 Form 8936 (Rev. 1-2023) Part III Credit for Personal Use Part of Vehicle (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 placed in service before 2023, enter the amount from line 15. If the vehicle is a two-wheeled vehicle, enter the smaller of line 16 or line 17. For vehicles placed in service after 2022, see instructions . . . . . . . . . . 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. If zero or less, enter -0- and stop here. You cannot claim the personal use part of the credit . . . . . . . . . . . . . . . . . . 22 Personal use part of credit. Enter the smaller of line 19 or line 22 here and on Schedule 3 (Form 1040), line 6f. If line 22 is smaller than line 19, see instructions . . 23 18 23 . . . . . . . . . . . . . . . Form 8936 (Rev. 1-2023)
Form 8936 (Rev. January 2023)
More about the Federal Form 8936 Corporate Income Tax TY 2022
We last updated the Qualified Plug-In Electric Drive Motor Vehicle Credit in February 2023, so this is the latest version of Form 8936, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form 8936 directly from TaxFormFinder. You can print other Federal tax forms here.
Other Federal Corporate Income Tax Forms:
|Form Code||Form Name|
|Publication 15||Employer's Tax Guide|
|1041 (Schedule D)||Capital Gains and Losses|
|Form 941||Employer's Quarterly Federal Tax Return|
|1040 (Schedule B)||Interest and Ordinary Dividends|
|Form 4684||Casualties and Thefts|
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 February 2023.
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 eleven 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 2023)
Form 8936 (Rev. January 2022)
Form 8936 (Rev. January 2021)
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