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Deductions & credits
@geordieontheweb wrote:
They told me that as it was purchased in 2024 and it was not 2 years or older then they didn't need to submit a Form 15400. Do you know if there is any information on buying a 1 year old EV in 2024?
They are correct. For the used EV credit, the vehicle needs to be at least two years old. The vehicle did not qualify for the $4000 credit.
https://www.irs.gov/credits-deductions/used-clean-vehicle-credit
‎February 19, 2025
6:57 PM