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1 of 5. Under the new clean vehicle credit, the maximum manufacturer's suggested retail price (MSRP) for a passenger automobile cannot exceed what amount? $55,000
1 of 5. Under the new clean vehicle credit, the maximum manufacturer's suggested retail price (MSRP) for a passenger automobile cannot exceed what amount? $55,000 $65,000 $75,000 $80,000 Mark for follow up Question 2 of 5. Zahra purchased a new clean energy vehicle on July 17, 2023. The vehicle meets both the battery component and the critical mineral component requirements. Her AGI for 2023 is $98,500. What is the maximum credit available under the rules for the new clean vehicle credit? $3,750 $4,750 $5,700 $7,500 Mark for follow up Question 3 of 5. The maximum annual energy efficient home improvement credit is $1,200 for all of the following categories combined, EXCEPT: Building envelope components. Heat pumps and biomass stoves. Home energy audits. Residential energy property. Mark for follow up Question 4 of 5. On December 2, 2023, Kai had a home energy audit conducted on his main home, costing $800. How much of a credit is he potentially eligible for? $0 $150 $240 $800 Mark for follow up Question 5 of 5. The MacGregors have a basis in their home of $500,000. In 2024, they are considering having solar panels installed at a cost of $24,000. What is the amount of the credit they will be able to claim on Form 5695 and what will the adjusted basis in their home be once this credit is claimed under the rules for the Residential Clean Energy Credit? The credit will be $7,200. The adjusted basis in their home will be $507,200. The credit will expire at the end of 2023. As such, their basis will remain $500,000. The credit will be $7,200. The adjusted basis in their home will be $516,800. The credit will be $24,000. The adjusted basis in their home will be $476,000
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