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PHEV Fed Credit Minimum Income Requirement?
I'm 69 years old. My income for Tax Year 2020 is from SS and my Air Force retirement and amounts to $38k. Is there a minimum income requirement to receive the $4500 tax credit for a PHEV? Can one receive a credit for a one year old used vehicle?
Last year's tax 2019 I had half the income and I did not receive the federal HEV credit (ouch). Did Federal minimum change from last year, just curious.
March 12, 2021
3:51 PM