What You Need To Know About 2023 EV Tax Credits –

New clean vehicles are eligible for up to $7,500 depending on battery size until further guidance from the Treasury/ IRS is released in March 2023.

Previously owned clean vehicles (also known as “used vehicles”) are eligible for a tax credit of up to $4,000.The minimum battery capacity must be 7 kilowatt hours

Vehicles must be made by a qualified manufacturer

MSRP limitations apply

Income limits apply to taxpayers

The taxpayer must report the vehicle identification number (VIN) of the vehicle on the taxpayer’s income tax return

Dealers must provide reports to the taxpayer and the IRS regarding the sale of the vehicle

What You Need To Know About 2023 EV Tax Credits –

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What You Need To Know About 2023 EV Tax Credits –

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