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Utah State Tax Commission. Clean Fuel Vehicle Tax Credit. TC-40V. Rev. 9/15. Taxpayer's ... Do not send this form with your tax return. Keep this ... Get forms online - tax.utah.gov ... (Completed.

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Use Form 8936 to claim either the Qualified Plug-In Electric Drive Motor Vehicle Credit or the new Clean Vehicle Credit. The Qualified Plug-In Electric Drive Motor Vehicle Credit and the new Clean Vehicle Credit are each worth up to $7,500.

The income caps for new vehicles are: $300,000 for married couples filing jointly. $225,000 for heads of households. $150,000 for all other filers.

(If your income ends up being too high, you might have to repay the IRS for your EV tax credit. But the IRS will let you qualify based on your modified AGI from the current year you bought your car, or the previous year, whichever is lower.)

Applicant Eligibility Be an individual, business,* nonprofit or government entity that is based in California or has a California-based affiliate at the time the rebated vehicle is purchased or leased.

The maximum credit is $7,500 for qualified commercial clean vehicles with gross vehicle weight ratings of under 14,000 pounds and $40,000 for all other vehicles. The credit equals the lesser of: 15% of your basis (i.e., purchase price) of the plug-in hybrid vehicle or 30% of your basis for full battery or fuel cell EVs.

WASHINGTON, Jan 1 (Reuters) - Many electric vehicles lost eligibility for tax credits of up to $7,500 after new battery sourcing rules took effect on Monday, including the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, some Tesla Model 3s and Chevrolet Blazer EV, the U.S. Treasury said.

Single and married filing separately: $75,000. Head of household: $112,500. Married filing jointly: $150,000.

Despite the uncertainty, as of Jan. 1, 2024, eligible consumers can take the federal EV tax credit of up to $7,500 as a discount at the point of sale when they purchase a qualifying vehicle. (Previously, eligible buyers could only claim the credit when they filed their federal income tax returns.)

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232