Question
Desiree is single. Her modified adjusted gross income is $70,000. She purchased a previously-owned electric vehicle on January 15, 2023 for $20,000 from a dealer.
Desiree is single. Her modified adjusted gross income is $70,000. She purchased a previously-owned electric vehicle on January 15, 2023 for $20,000 from a dealer. The vehicle meets all the requirements for the Previously-Owned Clean Vehicle Credit. What is the maximum credit amount Desiree may qualify for on her 2023 tax return?
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Desiree potentially qualifies for the maximum PreviouslyOwned Clean Vehicle Credit of 4000Heres why ...Get Instant Access to Expert-Tailored Solutions
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Concepts In Federal Taxation
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19th Edition
978-0324379556, 324379552, 978-1111579876
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