Reconciling Clean Vehicle Credits On-Demand 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

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.