Qualified Plug-In Electric Drive Motor Vehicles Chart
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Qualified Plug-In Electric Drive Motor Vehicles Chart. During the phaseout period, qualified vehicles are still eligible for 50% of the credit if purchased within the first two quarters, or 25% of the credit if purchased in the third or fourth. The minimum credit amount is usd 2,500, and the credit may be up to usd 7,500, based on each vehicles traction battery capacity and the gross vehicle weight rating.
An electric vehicle that qualifies the owner to claim a nonrefundable tax credit. A qualified electric vehicle must have at least four wheels.
Attach To Your Tax Return.
Manufacturers and models for new qualified clean vehicles purchased in 2022 and before.
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For more detailed information, please consult an irs tax representative and/or official irs publications.
A Qualified Electric Vehicle Must Have At Least Four Wheels.
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Attach To Your Tax Return.
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For Vehicles Acquired For Personal Use, Report The Credit From Form 8936 On The Appropriate.
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Starting In 2024, The Credit Will Be Claimable Upfront At The Time Of Purchase, Without Needing To File.