To claim tax credits for your Tesla Model 3 (2021) and the 50 solar panels on your roof, you need to use Form 8936 for the electric vehicle and Form 5695 for the solar panels. In TurboTax, follow these steps: Log into TurboTax. Go to the "Deductions & Credits" section. Scroll down and click "Add tax breaks". Select "Home Energy Credits" for the solar panels and "Energy-Efficient Vehicles" for the electric vehicle. Go back to the deductions section and select the pencil icon next to each item.Enter Details For the electric vehicle: TurboTax will guide you through entering the necessary information from Form 8936. For the solar panels: TurboTax will prompt you to enter the costs and calculate the credit using Form 5695. For more detailed guidance and requirements, you can refer to TurboTax's articles on Filing Tax Form 8936.

Question

How do I get credit for an electric car ( tesla model 3 2021 and 50 solar panels on my roof?

Forum|Forum|1 year ago
February 14, 2025
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SabrinaD2

To claim tax credits for your Tesla Model 3 (2021) and the 50 solar panels on your roof, you need to use Form 8936 for the electric vehicle and Form 5695 for the solar panels.

In TurboTax, follow these steps:

Log into TurboTax.
Go to the "Deductions & Credits" section.
Scroll down and click "Add tax breaks".
Select "Home Energy Credits" for the solar panels and "Energy-Efficient Vehicles" for the electric vehicle.
Go back to the deductions section and select the pencil icon next to each item.

Enter Details

For the electric vehicle: TurboTax will guide you through entering the necessary information from Form 8936.
For the solar panels: TurboTax will prompt you to enter the costs and calculate the credit using Form 5695.

For more detailed guidance and requirements, you can refer to TurboTax's articles on Filing Tax Form 8936.