WASHINGTON — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2024-14 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 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.