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Deductions & credits
Go to this IRS website for information on the Used Clean Vehicle Credit - https://www.irs.gov/credits-deductions/used-clean-vehicle-credit
To qualify, you must:
- Be an individual who bought the vehicle for use and not for resale
- Not be the original owner
- Not be claimed as a dependent on another person's tax return
- Not have claimed another used clean vehicle credit in the 3 years before the purchase date
In addition, your modified adjusted gross income (AGI) may not exceed:
- $150,000 for married filing jointly or a surviving spouse
- $112,500 for heads of households
- $75,000 for all other filers
May 20, 2024
2:20 PM