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Reply to "Federal Tax Credits for Pre-owned Plug-in Electric Vehicles"
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[quote=jsteele][quote=Anonymous][quote=jsteele]Yes, it has to be two years old so wait until January 1. You will have the option to sign the rebate over to the dealer and they will deduct it from the cost of the car. That is the best way to go. [/quote] Thank you but we realized it’s gross income, not net. [/quote] According to this, it is adjusted gross income: https://www.irs.gov/credits-deductions/used-clean-vehicle-credit [quote]In addition, your modified adjusted gross income (AGI) may not exceed: $150,000 for married filing jointly or a surviving spouse $112,500 for heads of households $75,000 for all other filers[/quote][/quote]
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