I leased a PHEV Ford Escape 2022 in July. My car qualifies as an EV, but the credit is not available for leases (according to Google). Is there anything I can do to get all or part of the credit - perhaps buy out my lease and apply for a used car cr
I leased a PHEV Ford Escape 2022 in July. My car qualifies as an EV, but the credit is not available for leases (according to Google). Is there anything I can do to get all or part of the credit - perhaps buy out my lease and apply for a used car cr
Inflation Reduction Act of 2022 (IRA 2022) signed into law on 8/16/2022. Hence terms used here are “Pre-IRA 2022” and “Post-IRA 2022.”
I have two comments as follows:
According to Internal Revenue Code 30D - Clean vehicle credit:
(d) New clean vehicle (1) In general the term "new clean vehicle" means a motor vehicle (B) which is acquired for use or lease by the taxpayer and not for resale...