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Clean Vehicles Tax Return AGI Qualification Question
I bought a new clean vehicle in 2023 for self use.
My AGI in 2022 is less than $150,000, my AGI in 2023 is more than $150,000. According to IRS website, "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.". So I should be qualified for the tax return since my AGI in 2022 qualifies.
But TurboTax mac said: "Individuals can't claim the credit for a new clean vehicle if their modified AGI in either 2023 or 2022 is more than $150,000", which is a total misunderstanding of the IRS policy.
Anyone from Turbotax could look and fix this? Any comment would be appreciated, thanks.
‎April 3, 2024
9:33 PM