Holly W1
Employee Tax Expert

Get your taxes done using TurboTax

Hello Jeffrey23,

 

We're so happy you joined us today!  You are correct.   According the IRS, For single tax payers, your modified income cannot exceed 150k for 2023.  You can use your 2022 Modified AGI to qualify for the credit. Keep in mind that it is a non-refundable credit, so you the credit is only good up to your tax liability.  https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after 

TurboTax will ask you questions about your purchase for the credit.  You can find it in the Deductions and Credits Section, and the wording for 2022 is Cars and Other Things You Own.  I assume it will be the same for 2023.  We also have expert ready to answer any questions you might have while preparing your return.

 

Feel free to respond if you have further questions and thank you for joining our live event today!



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