If the credit was transferred you would have done this at the time of purchase and had to sign papers agreeing to this. You also would have had your purchase price reduced by the amount of the credit. If you did not do any of that, then you did not transfer your credit. If you DID do this, you can just select the box that says I transferred my credit, then continue through.
Either way, the dealer should have given you paper work that you can use to enter the information to claim the credit.
A few things to consider, the credit did end September 30, 2025. So if you purchased your vehicle after that, you would not be eligible for the credit. Below is additional information on the credit to help you determine if you are eligible or not.
• It is worth UP to $7,500 depending on the vehicle you purchase. The credit varies per vehicle
• It is a nonrefundable credit. This means it will reduce your tax liability by up to $7,500 but will not result in a negative number or a tax refund of money you did not pay in or have withheld.
• The credit cannot be carried forward
• You can use your income for the year you take delivery or the prior year if your income in the previous year was below the threshold if it is above the threshold in the current year.
• In order to qualify your AGI must be less than:
○ $300,000 if Married Filing Joint
○ $225,000 if Head of Household
○ $150,000 if single or Married Filing Separate
• Vehicle Qualifications are as follows:
○ Vans, SUVS, and Pickup Trucks my have an MSRP of no more than $80,000
○ Other vehicles must have an MSRP of no more than $55,000
The MSRP does not include destination charges, options added by the deal (seal coating, extended
▪warranty, etc.) taxes, fees, or manufacturer discounts or incentives. Basically, it does not matter if you strike a good deal on the vehicle if the Manufacturer says it is worth more than the limit, it does not qualify.
○ Final Assembly must be in North America
○ Click here to enter your VIN to see if your vehicle qualifies
This credit is reported on form 8936 (Clean Vehicles Credits) and flows to Schedule 3 Line 6 which then flows to line 19 of your Form 1040.
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