Updated FAQs providing guidance related to the new, previously owned, and qualified commercial clean vehicle credits, the IRS announced. The revised FAQs include: 1) Topic A: eligibility rules for the new clean vehicle credit (question 10); 2) Topic B: income and price limitations for the new clean vehicle credit (question 11); and 3) Topic H: transfer of the new clean vehicle credit and previously owned clean vehicle credit (questions 5 and 15). [IR-2024-111 (Apr. 16, 2024); FS-2024-14 (Apr. 2024)]
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