IRS revised frequently asked questions for the New, Previously Owned and Qualified Commercial Clean Vehicle Credits

 

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IR-2024-111, April 16, 2024

WASHINGTON — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2024-14 PDF to provide guidance related to the New, Previously Owned and Qualified Commercial Clean Vehicle Credits.

These FAQs supersede earlier FAQs that were posted in Fact Sheet 2023-29 PDF on Dec. 26, 2023.

The FAQs revisions are as follows:

  • Topic A: Eligibility Rules for the New Clean Vehicle Credit: Revised Question 10.
  • Topic B: Income and Price Limitations for the New Clean Vehicle Credit: Revised Question 11.
  • Topic H: Transfer of New Clean Vehicle Credit and Previously Owned Clean Vehicle Credit: Revised Questions 5 and 15.

More information about reliance is available.

IRS-FAQ

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