Niro Plug in Federal Tax Credit - Kia Niro Forum
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post #1 of 32 (permalink) Old 03-05-2018, 08:22 PM Thread Starter
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Niro Plug in Federal Tax Credit

Hi All!

My wife and I are thinking of purchasing a 2018 Niro Plug in Hybrid and I can't seem to find any information on it at all when it comes to the tax credit. Does anyone have any information on what the credit is or if there is a federal tax credit for the Niro?

Thank you for any information.

Gary
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post #2 of 32 (permalink) Old 03-05-2018, 09:22 PM
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https://www.fueleconomy.gov/feg/taxevb.shtml

It was literally there one week ago. It's gone now, and I have no idea why....

This could definitely affect my current order for the vehicle... I'll let you know if I find out anything more.
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post #3 of 32 (permalink) Old 03-05-2018, 09:33 PM
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Well maybe I'm wrong. The Wayback Machine says it never had the Niro - but the Hyundai Ioniq is still there, so it should still qualify.

Here's a link to an article on this forum saying that the tax credit is $4,543, based on the 8.9kWh battery: https://www.kianiroforum.com/forum/55...2666-plug.html
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post #4 of 32 (permalink) Old 03-05-2018, 09:44 PM
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Why is the Niro not on the list?
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post #5 of 32 (permalink) Old 03-06-2018, 07:56 AM
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Why is ANY car on the list????

I don't feel like paying for your car.
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post #6 of 32 (permalink) Old 03-06-2018, 09:25 AM
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Originally Posted by olimpiaKIA View Post
Why is the Niro not on the list?
Were any Niro Plug-ins sold in 2017? It will definitely be on next year's list.

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post #7 of 32 (permalink) Old 03-16-2018, 05:49 AM
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By what was told to me by my accountant it's a $4500 tax credit on plugin. Now, that's 4500 of you income that is tax exempt or around 750 bucks savings. Not the reason to buy the plug-in.
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post #8 of 32 (permalink) Old 03-16-2018, 11:43 AM
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The tax credit is actually a credit on your taxes, not your income. If your income tax on whatever income is say $5,000, the amount you will owe is $500. A $4,500 savings. An accountant who doesn't know the difference between a tax credit and a deduction is should be canned. "You're fired!"

Some tax credits are "refundable", meaning if your tax paid is zero, the government will send you a check in the amount of the credit. This is not a refundable credit, so your income taxes have to be over $4,500 to take full advantage.
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post #9 of 32 (permalink) Old 03-16-2018, 10:25 PM
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Originally Posted by MarkfromFla View Post
By what was told to me by my accountant it's a $4500 tax credit on plugin. Now, that's 4500 of you income that is tax exempt or around 750 bucks savings. Not the reason to buy the plug-in.
You need a new accountant.

A tax credit is a dollar for dollar reduction in your taxes owed.

What you describe, a reduction in taxable income, is a tax *deduction*.
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post #10 of 32 (permalink) Old 03-30-2018, 04:48 PM
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I checked the EPA list and it only includes vehicles through model year 2017. The Kia Niro PHEV is new for 2018 and I'm sure it will be included once the list is updated for this year.
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