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 Instructions for Form 8911 01 2024-2025

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we'll be going over IRS form 8911 alternative fuel vehicle refueling property credit so this tax credit uh came about a couple years ago as part of the bipartisan inflation reduction act and uh a couple of changes have taken place so I figured I'd uh take a moment to uh describe those changes up front uh so first and foremost most uh this is for U recharging stations things of that nature that you may either invest in as part of your business or uh as part of your primary residence so uh you can take a tax credit on the business side and on the personal use side uh or a combination of both uh probably the limiting factor in this is the requirement that it has to be located in an eligible census track so that requirement means that uh it has it has to be placed in the service in an area that is described in the Internal Revenue code as a lowincome area or uh not an urban area that would be considered an eligible census tract so the form instructions on the IRS website ac

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