Instructions for IRS Form 8911 Alternative Fuel Vehicle Refueling Property Credit

IRS Form 8911 Alternative Fuel Vehicle Refueling Property Credit

This document contains official instructions for IRS Form 8911 , Alternative Fuel Vehicle Refueling Property Credit - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8911 is available for download through this link.

FAQ

Q: What is IRS Form 8911?
A: IRS Form 8911 is a form used to claim the Alternative Fuel Vehicle Refueling Property Credit.

Q: What is the Alternative Fuel Vehicle Refueling Property Credit?
A: The Alternative Fuel Vehicle Refueling Property Credit is a tax credit available to individuals and businesses who purchase and install qualified alternative fuel vehicle refueling property.

Q: What types of vehicles are considered alternative fuel vehicles?
A: Alternative fuel vehicles include plug-in electric vehicles, hydrogen fuel cell vehicles, and other vehicles that operate primarily on an alternative fuel.

Q: What is considered qualified alternative fuel vehicle refueling property?
A: Qualified alternative fuel vehicle refueling property includes the equipment used for recharging electric vehicles or dispensing alternative fuels, such as hydrogen or natural gas.

Q: How much is the tax credit for alternative fuel vehicle refueling property?
A: The tax credit is up to 30% of the cost of the qualified property, with a maximum credit of $30,000 for residential installations and $200,000 for business installations.

Q: How do I claim the Alternative Fuel Vehicle Refueling Property Credit?
A: To claim the credit, you must complete IRS Form 8911 and include it with your federal tax return.

Q: Are there any limitations to claiming this credit?
A: Yes, there are certain limitations on the credit, including a phase-out period and a limit on the total amount of credits that can be claimed in a tax year.