IRS Gives Clean-Vehicle Dealers More Time to Report Sales

The IRS is giving sellers of clean vehicles more time to report sales eligible for clean-vehicle tax credits.

The agency released Rev. Proc. 2024-12 Wednesday extending the time to file reports for sales of vehicles that qualify for the clean vehicle credit or the previously owned clean vehicle credit in tax code Sections 30D and 25E.

• Clean vehicle sales from 2023 can now be reported to the IRS by Feb. 15, giving sellers an extra month from the previous Jan. 15 deadline.
• For sales in which the vehicle is placed in service by the taxpayer between ...