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Deductions & credits
I am in the same situation. I got the message saying that the "Total Personal Portion of your New Clean Vehicle Credit is Zero". I transferred the $7500 credit to the dealer when I bought the vehicle. My MAGI is under $300,000 (married filling jointly).
This message is confusing. Does it mean we don't qualify for the credit and need to return the $7,500? or that the credit was already applied when it was transferred to the dealer and therefore there is no "credit" given in this tax return?
‎February 4, 2025
6:00 AM