The requirements for the Clean Vehicle Credit seemed a little complicated when they were introduced, and they are proving to ...

Due to a quirk in the federal code, some car buyers weren't receiving the $7,500 EV tax credit. Fortunately, a solution is ...

You can still take advantage of the Clean Vehicle Credit for the 2024 tax year, but we’re keeping a close watch on any ...

Buyers who lost out on the $7,500 EV tax credit due to dealer reporting issues can now claim it retroactively, thanks to a ...

The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last ...

The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last ...

After some car owners were not able to claim the EV tax credit this spring, the IRS has created a fix, according to the trade group representing auto dealers. As NPR previously reported, some electric ...

The Inflation Reduction Act passed by Congress last year included enticements to go green, including a $7,500 tax credit for ...

Unlike other deductions, the standard deduction does not need to be justified with any supporting documentation. You simply ...

IRS.gov. Drivers who may not be able to afford a brand-new EV can still benefit from the tax credit. When buying a used electric vehicle costing up to $25,000, drivers can receive a tax credit of ...

Until then, Andrews is waiting to see if the IRS makes a change in the next month or so. "I'm in limbo," he said. In most circumstances, claiming the EV tax credit is not this complicated.

US customers who bought electric vehicles and expect to claim the EV tax credit might run into issues ... a Chevrolet Bolt he purchased in 2024, the IRS didn't accept it. "It got rejected almost ...