Line 88 - Total ESOP and EVCC tax credits
Line 88 - Total ESOP and EVCC tax credits
The maximum total ESOP and EVCC tax credits you can claim on your 2024 return is $2,000. The ESOP and EVCC tax credits that you do not claim in a year are not refundable, and you cannot carry them forward to a future year.
If you bought ESOP or EVCC shares in the first 60 days of 2025, you can claim the tax credit on your 2024 or 2025 return, or you can divide the credit between the two returns.
On the certificate, enter the credit amount you are claiming on your 2024 return and the credit amount you will claim on your 2025 return.
Supporting documents
If you are filing a paper return, attach a photocopy of the original 2024 and 2025 certificates showing the breakdown of your credit between your 2024 and 2025 returns.
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