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Deductions & credits
yes, you can use either your 2022 or 2023 AGI to qualify for the tax credit for an EV purchased in 2023.
what is it about the IRS statement that wasn't clear?
"You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in 1 of the two years, you can claim the credit."
I guess I do find it a little absurd that you want an anonymous posting to give you confidence that what the IRS stated is to be trusted! 😀
‎September 26, 2023
9:54 AM