Get Your Full Tax Credits for the Bolt EV & Volt Through March at Schumacher Chevrolet
If you're thinking of purchasing a Bolt or Volt, don't wait to act! GM has hit their threshold of 200,000 vehicles, to the $7,500 tax credit will be going away soon. Take delivery of a new Bolt EV or Volt buyers before the end of March to claim the full tax credit. Plus New Jersey residents may be eligible for sales and use tax exemption when they purchase a 2018 Bolt EV, talk to your sales professional for more information.
After the purchase of a qualifying vehicle for personal use, electric car owners must fill out Form 8936 and report the credit from the form on the appropriate line of Form 1040 (Individual Income Tax Return). If you purchased an electric car for business use, the credit must be reported on Form 3800 (General Business Credit). Talk to your tax specialist for more information.