Bloomberg Tax
Oct. 3, 2019, 7:41 PM

Bogus Electric Vehicle Tax Credits May Be Costing IRS Millions

Kaustuv Basu
Kaustuv Basu

More than 18,000 taxpayers may have received about $82 million tax credits for plug-in electric vehicles that they didn’t qualify for, the IRS watchdog found.

The $7,500-per-vehicle tax credit, detailed in Section 30D, helps offset the cost of a plug-in vehicle.

  • Taxpayers claimed the potentially improper credits for processing years 2014 through 2018, according to the Treasury Inspector General for Tax Administration report released Oct. 3.
  • In response to the report, the IRS plans to develop a guide to help examiners when auditing the credit. It will also start a recovery program to collect the potentially ...

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