Reconciling Clean Vehicle Credits Webinar

Summary

The Inflation Reduction Act (IRA) of 2022 expanded, extended and added energy credits for purchasing vehicles with a smaller carbon footprint. Starting in 2024, those credits can be transferred to the dealer; however, a reconciliation is needed on the taxpayer’s return. During this webinar, we will walk through reconciling the credit on a client’s tax return and provide an overview of the requirements for the clean energy vehicle and previously owned vehicle credits.

Objectives

Upon completion of this course, you will be able to:

• Explain the qualifications to claim the clean vehicle credit and the previously owned vehicle credit
• Reconcile the credit using Form 8936, Clean Vehicle Credit, and Schedule A (Form 8936)
• Consider timing issues when utilizing both clean vehicle credits and residential energy credits (or carryover of unused residential energy credits) in the same year

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.