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      10-18-2020, 03:05 PM   #36
DennisPNW9
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Drives: 2022 BMW X5 45e
Join Date: Oct 2020
Location: Washington

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2022 X5 45e  [0.00]
Quote:
Originally Posted by Spencer518 View Post
Yes, the $7,500 federal income tax credit applies to the 45e. But you must have at least $7,500 in federal tax liability to claim the whole amount on your return.

You can also claim 30% credit, up to $1,000 for the installation of a level 2 charger.
It sounds like if you order a 45e it may not get delivered in 2020. I haven't been able to confirm the federal $7500 is available in 2021.

And the PenFed deduction has to be delivered prior to Jan 4th. PenFed may have a new deduction for 2021.
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