Can I claim electric vehicle tax credit if I am not coming under the max AGI cap limit in year 2023 but was under the max AGI cap limit in year 2022?

[himadhavan]

I am planning to purchase a Tesla before Dec 31 2023 if I am still eligible for ev tax credit 7500 based on my year 2022 income eligibility.  Can someone share the experience?

[Mike9241 · Accepted solution]

You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in 1 of the two years, you can claim the credit.

[Affordabletaxes2021]

You want to make sure your tax liability is at least 7500 to obtain the credit .