shaunshaun
Returning Member

Income limits by year under the Inflation Reduction Act

I think that for an EV credit the income limit is $150,000 and it's the lesser of the current or prior tax year's income (which is good because I qualify for 2023 based on my 2022 income).

What I can't find is whether the sale either-year rule applies to:
Solar panels (I have a carry-forward from last year)

and/or
Electrical panel upgrade

and/or

EV car charger

and/or

Induction range

I may need to increase my taxable income to make sure I use up the non-carry-forwardable $7500 car credit, but not blow past the income limit, which I can do by converting a Roth or taking capital gains.