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IRS data online indicated that 255,551 tax returns included filing Form 8936 for the qualified plug-in electric drive motor vehicle credit. The IRS doesn't disclose stats on rejected claims.
The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last year to fix tax troubles.
The proposal announced followed guidance issued in January that made tax credits for installing EV chargers available in ...
As NPR previously reported, some electric car shoppers across the country discovered this spring that they couldn't get the EV tax credit they expected, because their car dealer had not correctly ...
Taxpayers could fall into plenty of potholes if someone takes a wrong turn when claiming an attractive tax credit for buying an electric vehicle on ... upfront in the form of 'cash on the hood ...
Taxpayers could fall into plenty of potholes if someone takes a wrong turn when claiming an attractive tax credit for buying an electric vehicle on their 2024 tax ... "opted to receive the credit ...