0323 Publ 5724-D (PDF)

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/p5724d.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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Here is what you should know:

~ The credit is available to all qualified buyers who are not claimed as a dependent

on someone else’s tax return. ~ The maximum amount of the credit is: Lesser of $4,000 or 30% of the sales price. ~ Qualified buyers cannot claim the credit more than once every three years. ~ The credit is allowed if the sale price is less than $25,000.

You may be eligible for the credit if your modified adjusted gross income* (MAGI) for the current year or prior year is less than or equal to:

~ $150,000 for married filing jointly or filing as a qualifying surviving spouse or a

qualifying widow(er) ~ $112,500 for head of household ~ $75,000 for all other filers

* Modified adjusted gross income means adjusted gross income increased by any amount excluded from gross income because it was received from a foreign source.

~ The previously owned vehicle has a model year at least 2 years earlier than the

calendar year when you buy it. For example, a vehicle purchased in 2023 would need a model year of 2021 or older. ~ The previously owned vehicle transfer to the qualifying buyer must be the first

transfer to a qualified buyer since August 16, 2022. ~ The previously owned vehicle must be purchased from

a dealer and weigh less than 14,000 pounds. ~ The previously owned vehicle must be a plug-in hybrid

electric, or electric vehicle, or a hydrogen fuel cell vehicle.

WWW.IRS.GOV/CLEANVEHICLES

Publication 5724-D (3-2023) Catalog Number 93878K Department of the Treasury Internal Revenue Service www.irs.gov