![]() If your modified AGI is below the threshold in 1 of the two years, you can claim the credit. You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. ![]() $300,000 for married couples filing jointly.In addition, your modified adjusted gross income (AGI) may not exceed: Buy it for your own use, not for resale.The credit is available to individuals and their businesses. ![]() ![]() The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in EV or fuel cell electric vehicle (FCV). If you place in service a new plug-in electric vehicle (EV) or fuel cell vehicle (FCV) in 2023 or after, you may qualify for a clean vehicle tax credit.įind information on credits for used clean vehicles, qualified commercial clean vehicles, and new plug-in EVs purchased before 2023. Find details in Q6 under Topic A in the Fact Sheet PDF. This applies even if you bought the vehicle before April 18. If you take possession of a new clean vehicle on or after April 18, 2023, it must meet critical mineral and battery component requirements to qualify for the credit.
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