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I bought a used electric vehicle (EV) model year 2023 in July 2024. Can I claim any credit?
I bought a used electric vehicle (EV) model year 2023 in July 2024. Can I claim any credit?
I'm reading the requirements in the following page:
https://www.irs.gov/credits-deductions/used-clean-vehicle-credit
"Have a model year at least 2 years earlier than the calendar year when you buy it. For example, a vehicle purchased in 2023 would need a model year of 2021 or older."
Does it mean that I cannot claim the credit?
Do I have any other possible credit instead?
If not, what is the reasoning for this restriction?
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‎August 23, 2024
12:17 PM