Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Is there a tax credit for purchasing a hybrid vehicle during 2022?

Is there a tax credit for purchasing a hybrid vehicle during 2022? My client purchased a hybrid vehicle during 2022 and was told they could claim a credit on their tax return for 2022.

0 Cheers
3 Comments 3
Just-Lisa-Now-
Level 15
Level 15

I "think" plug in hybrids still qualify, see form 8936, you may have to drag out the instructions.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
qbteachmt
Level 15

(I confess to stealing this...)

Gosh, if only the IRS would provide some guidance on the regulations that apply:

https://www.irs.gov/credits-deductions/credits-for-new-electric-vehicles-purchased-in-2022-or-before

 

*******************************
"Level Up" is a gaming function, not a real life function.
taxes96786
Level 9

A hybrid is a combo of gas and electric. They don't qualify. Do you use Pub 17 as a reference tool? If not, you should. You would get quicker answers.

0 Cheers