IRS Issues Statement on New Plug-In Electric Drive Vehicle Credit (IRC 30D)

[metroshot]

Reviving an old thread instead of starting a new - asking for a co-worker looking at a Lightning Pro.

QUESTION:

2024 POS credit, if elected at the dealer for instant $7500 price reduction, would you still have to show on your taxes that you are eligible for the $7500 at the end of the year ?

Or is the credit good for anyone purchasing after 2024 ??

Sponsored

 

[Amps]

2024 POS credit, if elected at the dealer for instant $7500 price reduction, would you still have to show on your taxes that you are eligible for the $7500 at the end of the year ?

Yes. If found not eligible, repayment with 1040 filing for TY24.

 

[astricklin]

Yes. If found not eligible, repayment with 1040 filing for TY24.

Or partial repayment.

Sponsored