Alternative Motor Vehicle Credit

Use a rocket ship to get to work? Get to the grocery store via natural gas-powered mechanized pterodactyl? Super fun! Unfortunately, that has no bearing on the alternative motor vehicle credit.

Despite the very broad-seeming name, the alternative motor vehicle credit only really covers a single type of vehicle. You can only claim the credit for fuel cell vehicles, or those that use hydrogen power to drive the engine. Using the credit, you'll receive tax write offs for certain expenses related to the fuel cell vehicle. The IRS has a special form to figure out the credit - Form 8910 to be exact.