Your Tax Questions Answered
Electric Vehicle Tax Credit
Kiplinger editorial director Kevin McCormally and fellow tax experts Peter Blank and Mary Beth Franklin tackle your most pressing tax challenges.
April 16, 2009
QUESTION: Are electric powered golf carts which are street legal eligible for any tax credits in 2008? It was placed in service Oct 1, 2008. Thank you.
PETER BLANK ANSWERS: No.
The credit for plug-in vehicles starts for vehicles bought after 2008. Individual states may allow credits, though.
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Reader Comments (5)
Posted by: Gerald Wisniewski at 11/02/2009 03:13:26 PM
If you dont have taxable income do you get the %5300 as a rebate
Posted by: Cliff Evarts at 12/02/2009 06:38:15 PM
Will a street legal low-speed electric vehicle (can be used as a golf cart) qualify for the $5,300 2009 tax credit? Vehicle will be used for business only (i.e. drive thru weddings). Thanks.
Posted by: Roger Weber at 12/08/2009 12:52:21 PM
Is there a timeline on this credit? Does it have to be purchased before Jan 1, 2010?
Posted by: Jim Aspin at 12/24/2009 08:58:23 AM
If a tax-credit eligible vehicle is purchased in '09 but not delivered until after Jan.1 '10, is it still eligible for the '09 credit?
Posted by: gene switzer at 02/10/2010 02:07:58 PM
I purchased an an electric golf cart for use around my farm in 2009. is it tax deductible?