Hi @ElaineMarie,
If you have a binding contract to purchase before August 16,2022, the income limits are as follow:
- Married Filing Jointly with Modified Adjusted Gross income up to $300K
- Head of Household with Modified Adjusted Gross income up to $225K
- Single with Modified Adjusted Gross income up to $150K
To calculate your Modified Adjusted Gross Income (MAGI you must include all taxable income sources and that would include your converted amounts from your ROTH that would be treated as ordinary income.
To ensure your EV vehicle qualifies for the credit under the IRA you can visit the Alternative Fuels Data Center .
Additionally, I would confirm you meet the criteria to qualify under the old rules ( the final assembly requirement does not apply before August 16, 2022) or the new IRA rules. To qualify under the old rules you must have a binding contract as defined by the IRS (for more info you can visit this link What Is a Written Binding Contract? ).
Enjoy your day!
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