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Joined 1 year ago
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Cake day: June 22nd, 2023

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  • Verify the guidelines first

    https://www.irs.gov/credits-deductions/used-clean-vehicle-credit

    Who Qualifies

    You may qualify for a credit for buying a previously owned, qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV), including cars and light trucks, under Internal Revenue Code Section 25E.

    To qualify, you must:

    • Be an individual who bought the vehicle for use and not for resale
    • Not be the original owner
    • Not be claimed as a dependent on another person’s tax return
    • Not have claimed another used clean vehicle credit in the 3 years before the purchase date In addition, your modified adjusted gross income (AGI) may not exceed: $150,000 for married filing jointly or a surviving spouse – $112,500 for heads of households – $75,000 for all other filers

    You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your income is below the threshold for 1 of the two years, you can claim the credit.