[LoneR]

Let us not forget you can also use the previous year's tax return for proof of income eligibility requirements. This can come in handy for those whose income was not but is now too high.

 

[LoneR]

FS-2022-42, December 2022

"In addition, to qualify for the credit, the vehicle:
•Cannot be acquired for resale purposes;"

The real question is, "Why would they buy it from you, instead of the dealer?".

 

[LoneR]

Thanks! I think I did read that line at one point and thought, "ok, I'm not acquiring for resale purposes, so I'm good" and then forgot all about it.

After I got the car, I was talking about the tax credit and someone asked me if that meant I had to keep the car for a certain period of time and I realized I didn't know the answer! Not planning to sell anytime soon, but also don't want to accidentally forfeit thousands of dollars!

I completely understand. Just hope the auditor will as well.

 

[LoneR]

@pbolted A dealer, authorized representative should have filled out and signed a Chevrolet New Electric Vehicle Federal Tax Credit Eligibility Form for you.