minor4326
Returning Member

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.