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Electric Vehicle Credit

Level 1

We have a client in MD that purchased a Tesla Model 3 and has been provided an IRS Form 15400 stating the Maximum credit is $7,500. Is there a Federal and MD credit available and how are the credits taken for 2023? Forms?

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3 Comments 3
Level 15

Have you even tried to look up anything about electric vehicle credits?

You could start by searching the forum. There are several threads going.

Level 15

"and has been provided an IRS Form 15400 stating the Maximum credit is $7,500. Is there a Federal"

Yes, you just pointed out this IRS form is for Federal.

You can look up the requirements and eligibility at:




But it seems you have the right form, already, as evidence your taxpayer has been reported:


MD has an excise tax credit:





"Level Up" is a gaming function, not a real life function.
Level 1

Thanks very much for the information for the MD EV Buyer Excise Tax Credit. It is important to note this appears to be a form to be filled out by the purchaser separate from their income tax filings. 

Given the application to receive this credit has a finite pool of monies, it would seem the dealer should fully explain to the purchaser at the point of sale.

Thaks again for the quick responses!!!



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