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Yes,
the credit is per vehicle.
The credits are non-refundable, so only applied to your tax liability for that tax year.
“Maximum per vehicle credit amount.
The credit amount is limited to $7,500 ($40,000 for a vehicle with a GVWR of 14,000 pounds or more).”
Yes,
the credit is per vehicle.
The credits are non-refundable, so only applied to your tax liability for that tax year.
“Maximum per vehicle credit amount.
The credit amount is limited to $7,500 ($40,000 for a vehicle with a GVWR of 14,000 pounds or more).”
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