{"id":55385,"date":"2024-09-04T08:00:00","date_gmt":"2024-09-04T13:00:00","guid":{"rendered":"https:\/\/taxprocenter.proconnect.intuit.com\/?p=55385"},"modified":"2024-08-27T11:11:46","modified_gmt":"2024-08-27T16:11:46","slug":"guide-to-energy-and-clean-vehicle-tax-credits","status":"publish","type":"post","link":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/","title":{"rendered":"Guide to energy and clean vehicle tax credits"},"content":{"rendered":"\n<p>The <a href=\"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/what-you-need-to-know-about-the-inflation-reduction-act-of-2022\/\">Inflation Reduction Act of 2022<\/a> brought changes to tax incentives for clean energy and climate change. This legislation, signed into law by President Biden on Aug. 16, 2022, extended and expanded tax credits for clean vehicles and energy-efficient residential improvements. For tax years 2023-2032, taxpayers can benefit from these credits, with some provisions retroactively applying to 2022.<\/p>\n\n\n\n<p class=\"has-x-large-font-size\"><strong>Clean Vehicle Credit<\/strong><\/p>\n\n\n\n<p>The existing Qualified Plug-in Electric Drive Motor Vehicle Credit (IRC 30D) has been modified and renamed the Clean Vehicle Credit. This credit now applies to new and previously owned clean vehicles.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>New clean vehicles <\/strong>(<a href=\"https:\/\/www.irs.gov\/businesses\/irc-section-30dg-qualified-2-or-3-wheeled-plug-in-electric-drive-motor-vehicles\" target=\"_blank\">IRC 30D<\/a>): To qualify, the vehicle must be placed in service on or after Jan. 1, 2023, and meet specific criteria, including final assembly in North America. The credit amount is up to $7,500, but it is nonrefundable and cannot be carried forward when the vehicle is purchased for personal use.<\/li>\n\n\n\n<li><strong>Previously owned clean vehicles <\/strong>(<a href=\"https:\/\/www.irs.gov\/credits-deductions\/clean-vehicle-credit-seller-or-dealer-requirements\" target=\"_blank\">IRC 25E<\/a>)<strong>:<\/strong> This credit applies to vehicles purchased from a qualified dealer for $25,000 or less. The credit amount is the lesser of $4,000 or 30% of the vehicle\u2019s sale price. It is nonrefundable and has specific eligibility requirements, including a three-year lookback period and the fact that the vehicle could have had only one transfer of ownership after Aug. 16, 2022.<\/li>\n<\/ul>\n\n\n\n<p>New and pre-owned clean vehicle credits are subject to Modified Adjusted Gross Income (MAGI) limits:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>New clean vehicles (IRC 30D):<\/strong>\n<ul class=\"wp-block-list\">\n<li>$300,000 for married filing jointly or a surviving spouse.<\/li>\n\n\n\n<li>$225,000 for heads of households.<\/li>\n\n\n\n<li>$150,000 for all other filers.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Previously owned clean vehicles (IRC 25E):<\/strong>\n<ul class=\"wp-block-list\">\n<li>$150,000 for married filing jointly or a surviving spouse.<\/li>\n\n\n\n<li>$112,500 for heads of households.<\/li>\n\n\n\n<li>$75,000 for all other filers.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"has-x-large-font-size\"><strong>Tax planning considerations for clean vehicle credits<\/strong><\/p>\n\n\n\n<p>When advising clients on clean vehicle credits, tax practitioners should consider several factors, including the taxpayer&#8217;s MAGI; the vehicle&#8217;s MSRP for new clean vehicles or purchase price for previously owned clean vehicles; the Vehicle Identification Number (VIN); date of purchase; and the availability of a dealer report. The IRS provides a list of <a href=\"https:\/\/www.irs.gov\/credits-deductions\/manufacturers-for-qualified-commercial-clean-vehicle-credit\" target=\"_blank\">qualified manufacturers<\/a> of clean vehicles.<\/p>\n\n\n\n<p>Starting in 2024, eligible taxpayers can elect to transfer new and previously owned clean vehicle credits to dealers. This provides an immediate financial benefit to the taxpayer, and also allows taxpayers that would have been limited to their tax liability to fully use the credit. Tax practitioners are in a unique position to assist their clients in determining whether they qualify for a tax credit transfer. It is imperative that taxpayers do not attempt to transfer a clean vehicle tax credit they are not legitimately qualified for; in this regard, the expertise of a tax practitioner can prove indispensable.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-text-align-center\">Tax practitioners are in a unique position to assist their clients in determining whether they qualify for a tax credit transfer.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-x-large-font-size\"><strong>Commercial Clean Vehicle Credit<\/strong><\/p>\n\n\n\n<p>Businesses can also benefit from tax credits for clean vehicles. The Commercial Clean Vehicle Credit (<a href=\"https:\/\/www.irs.gov\/credits-deductions\/commercial-clean-vehicle-credit\" target=\"_blank\">IRC 45W<\/a>) applies to vehicles acquired and placed in service before 2033 for business use. The credit amount is the lesser of 15% of the vehicle\u2019s basis (30% for vehicles not powered by gasoline or diesel) or the incremental cost of the vehicle. The maximum amount of tax credit is $7,500 for clean vehicles weighing less than 14,000 pounds, or $40,000 for clean vehicles weighing 14,000 pounds or more. This credit is nonrefundable but can be carried back one year and forward 20 years.<\/p>\n\n\n\n<p class=\"has-x-large-font-size\"><strong>Residential energy credits<\/strong><\/p>\n\n\n\n<p>The Inflation Reduction Act has also enhanced residential energy credits, including the Energy Efficient Home Improvement Credit (<a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/n-13-70.pdf\" target=\"_blank\">IRC 25C<\/a>) and the Residential Clean Energy Credit (<a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/n-13-70.pdf\" target=\"_blank\">IRC 25D<\/a>).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Energy Efficient Home Improvement Credit (IRC 25C):<\/strong> This credit now offers a 30% credit rate on eligible home improvements, with a $1,200 annual aggregate limit, and an additional $2,000 limit for specific items such as heat pumps and biomass stoves.<\/li>\n\n\n\n<li><strong>Residential Clean Energy Credit (IRC 25D):<\/strong> This credit remains at 30% of the installation cost for solar, wind, geothermal, and battery storage technology through 2032. It is nonrefundable but can be carried forward.<\/li>\n<\/ul>\n\n\n\n<p>The Inflation Reduction Act created new opportunities for taxpayers to benefit from clean energy tax credits. Tax practitioners play a crucial role in helping clients navigate these complex provisions and maximize their <a href=\"https:\/\/accountants.intuit.com\/taxprocenter\/tag\/tax-advisory\/\">tax savings<\/a>. By staying informed about the latest guidance and planning, tax professionals can provide valuable advice on leveraging these credits effectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn more about how clean vehicle credits and residential energy credits can be used to lower a client&#8217;s tax liability. Nadia Rodriguez, CPA, explains.<\/p>\n","protected":false},"author":144648954,"featured_media":55388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rkv_browse_by_id":0,"rkv_cta_id":0,"rkv_optimize_for_pagespeed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"useModifiedDate":false,"customPublishDate":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[509474089],"tags":[],"intuit_collection":[],"intuit_series":[],"coauthors":[646041738],"class_list":["post-55385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-law-and-news"],"header_image":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Guide to energy and clean vehicle tax credits - Tax Pro Center | Intuit<\/title>\n<meta name=\"description\" content=\"Learn more about how clean vehicle credits and residential energy credits can be used to lower a client&#039;s tax liability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Guide to energy and clean vehicle tax credits - Tax Pro Center | Intuit\" \/>\n<meta property=\"og:description\" content=\"Learn more about how clean vehicle credits and residential energy credits can be used to lower a client&#039;s tax liability.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/\" \/>\n<meta property=\"og:site_name\" content=\"Tax Pro Center | Intuit\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/IntuitAccountants\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-04T13:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/08\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nadia Rodriguez, CPA, CTC\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:site\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nadia Rodriguez, CPA, CTC\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/\"},\"author\":{\"name\":\"Nadia Rodriguez, CPA, CTC\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/4b9096993c259d4b31d55bc89e9b51b0\"},\"headline\":\"Guide to energy and clean vehicle tax credits\",\"datePublished\":\"2024-09-04T13:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/\"},\"wordCount\":701,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg\",\"articleSection\":[\"Tax Law and News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/\",\"name\":\"Guide to energy and clean vehicle tax credits - Tax Pro Center | Intuit\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg\",\"datePublished\":\"2024-09-04T13:00:00+00:00\",\"description\":\"Learn more about how clean vehicle credits and residential energy credits can be used to lower a client's tax liability.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/#primaryimage\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg\",\"contentUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg\",\"width\":1440,\"height\":600,\"caption\":\"Guide to energy and clean vehicle tax credits\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/guide-to-energy-and-clean-vehicle-tax-credits\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Guide to energy and clean vehicle tax credits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"name\":\"Tax Pro Center | Intuit\",\"description\":\"Tax Pro Center\",\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\",\"name\":\"Tax Pro Center | Intuit\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"contentUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"width\":872,\"height\":160,\"caption\":\"Tax Pro Center | Intuit\"},\"image\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/IntuitAccountants\",\"https:\\\/\\\/x.com\\\/IntuitAccts\",\"https:\\\/\\\/www.instagram.com\\\/intuitaccountants\\\/?hl=en\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/intuit-accountants\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/4b9096993c259d4b31d55bc89e9b51b0\",\"name\":\"Nadia Rodriguez, CPA, CTC\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2f13016da19b84d2d459d8ab531bce3c991786b02f2f94343c5d44d2e5424a93?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2f13016da19b84d2d459d8ab531bce3c991786b02f2f94343c5d44d2e5424a93?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2f13016da19b84d2d459d8ab531bce3c991786b02f2f94343c5d44d2e5424a93?s=96&d=identicon&r=g\",\"caption\":\"Nadia Rodriguez, CPA, CTC\"},\"description\":\"Nadia Rodriguez, CPA, CTC, is a Dallas-based tax advisor with a master\u2019s degree in Taxation from the University of North Texas and a CPA license since 2009. She leads a boutique practice focused on proactive planning, advisory, and accurate compliance for individuals and closely held businesses. She founded the Nadia CPA Inner Circle, a community where tax professionals learn together and solve real client problems. Nadia is also the founder and lead educator of Tax Training Academy, delivering bilingual courses that provide practical, code-based tax education for working tax pros. Her background includes contributions within Fortune 500 environments on initiatives that improve practitioner enablement, and modernization across the tax profession. Nadia has presented for organizations including state CPA societies, NATP, the IRS Tax Forum, AICPA Engage, CPA Practice Advisor\u2019s Ensuring Success, Intuit Tax Pro Webinars, Latino Tax Fest, and Telemundo. Recognized as a \u201c20 Under 40\u201d Top Influencer for 2022, she serves her community in English and Spanish with clarity, care, and credibility.\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/author\\\/nadiarodrigueztax\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Guide to energy and clean vehicle tax credits - Tax Pro Center | Intuit","description":"Learn more about how clean vehicle credits and residential energy credits can be used to lower a client's tax liability.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/","og_locale":"en_US","og_type":"article","og_title":"Guide to energy and clean vehicle tax credits - Tax Pro Center | Intuit","og_description":"Learn more about how clean vehicle credits and residential energy credits can be used to lower a client's tax liability.","og_url":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/","og_site_name":"Tax Pro Center | Intuit","article_publisher":"https:\/\/www.facebook.com\/IntuitAccountants","article_published_time":"2024-09-04T13:00:00+00:00","og_image":[{"width":1440,"height":600,"url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/08\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg","type":"image\/jpeg"}],"author":"Nadia Rodriguez, CPA, CTC","twitter_card":"summary_large_image","twitter_creator":"@IntuitAccts","twitter_site":"@IntuitAccts","twitter_misc":{"Written by":"Nadia Rodriguez, CPA, CTC","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/#article","isPartOf":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/"},"author":{"name":"Nadia Rodriguez, CPA, CTC","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/4b9096993c259d4b31d55bc89e9b51b0"},"headline":"Guide to energy and clean vehicle tax credits","datePublished":"2024-09-04T13:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/"},"wordCount":701,"commentCount":0,"publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"image":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/#primaryimage"},"thumbnailUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/08\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg","articleSection":["Tax Law and News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/","url":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/","name":"Guide to energy and clean vehicle tax credits - Tax Pro Center | Intuit","isPartOf":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website"},"primaryImageOfPage":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/#primaryimage"},"image":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/#primaryimage"},"thumbnailUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/08\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg","datePublished":"2024-09-04T13:00:00+00:00","description":"Learn more about how clean vehicle credits and residential energy credits can be used to lower a client's tax liability.","breadcrumb":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/#primaryimage","url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/08\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg","contentUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/08\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg","width":1440,"height":600,"caption":"Guide to energy and clean vehicle tax credits"},{"@type":"BreadcrumbList","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/guide-to-energy-and-clean-vehicle-tax-credits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxprocenter.proconnect.intuit.com\/"},{"@type":"ListItem","position":2,"name":"Guide to energy and clean vehicle tax credits"}]},{"@type":"WebSite","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","name":"Tax Pro Center | Intuit","description":"Tax Pro Center","publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/accountants.intuit.com\/taxprocenter\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization","name":"Tax Pro Center | Intuit","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/","url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","contentUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","width":872,"height":160,"caption":"Tax Pro Center | Intuit"},"image":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/IntuitAccountants","https:\/\/x.com\/IntuitAccts","https:\/\/www.instagram.com\/intuitaccountants\/?hl=en","https:\/\/www.linkedin.com\/company\/intuit-accountants\/"]},{"@type":"Person","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/4b9096993c259d4b31d55bc89e9b51b0","name":"Nadia Rodriguez, CPA, CTC","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2f13016da19b84d2d459d8ab531bce3c991786b02f2f94343c5d44d2e5424a93?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2f13016da19b84d2d459d8ab531bce3c991786b02f2f94343c5d44d2e5424a93?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2f13016da19b84d2d459d8ab531bce3c991786b02f2f94343c5d44d2e5424a93?s=96&d=identicon&r=g","caption":"Nadia Rodriguez, CPA, CTC"},"description":"Nadia Rodriguez, CPA, CTC, is a Dallas-based tax advisor with a master\u2019s degree in Taxation from the University of North Texas and a CPA license since 2009. She leads a boutique practice focused on proactive planning, advisory, and accurate compliance for individuals and closely held businesses. She founded the Nadia CPA Inner Circle, a community where tax professionals learn together and solve real client problems. Nadia is also the founder and lead educator of Tax Training Academy, delivering bilingual courses that provide practical, code-based tax education for working tax pros. Her background includes contributions within Fortune 500 environments on initiatives that improve practitioner enablement, and modernization across the tax profession. Nadia has presented for organizations including state CPA societies, NATP, the IRS Tax Forum, AICPA Engage, CPA Practice Advisor\u2019s Ensuring Success, Intuit Tax Pro Webinars, Latino Tax Fest, and Telemundo. Recognized as a \u201c20 Under 40\u201d Top Influencer for 2022, she serves her community in English and Spanish with clarity, care, and credibility.","url":"https:\/\/accountants.intuit.com\/taxprocenter\/author\/nadiarodrigueztax\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/08\/Guide-to-energy-and-clean-vehicle-tax-credits.jpg","jetpack_shortlink":"https:\/\/wp.me\/pazjGh-epj","jetpack-related-posts":[{"id":32097,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/clean-vehicle-credits-inflation-reduction-act\/","url_meta":{"origin":55385,"position":0},"title":"Clean vehicle credits: Inflation Reduction Act","author":"Mike D'Avolio, CPA, JD","date":"January 8, 2024","format":false,"excerpt":"Get updated information on clean vehicle credits under the Inflation Reduction Act. Mike D'Avolio, CPA, JD, explains.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Clean vehicle credits: Inflation Reduction Act","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/12\/Clean-vehicle-credits-Inflation-Reduction-Act-copy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/12\/Clean-vehicle-credits-Inflation-Reduction-Act-copy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/12\/Clean-vehicle-credits-Inflation-Reduction-Act-copy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/12\/Clean-vehicle-credits-Inflation-Reduction-Act-copy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":27912,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/irs-guidance-on-commercial-clean-vehicle-credits\/","url_meta":{"origin":55385,"position":1},"title":"IRS guidance on commercial clean vehicle credits","author":"Intuit Accountants Team","date":"March 6, 2023","format":false,"excerpt":"The IRS recently issued Notice 2023-16 that modifies the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle credits. Today\u2019s guidance modifies Notice 2023-01 by changing the vehicle classification standard by which vans, sport utility vehicles, pickup trucks, and other vehicles are defined. In\u2026","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Commercial clean vehicle credits","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/02\/IRS-guidance-on-commercial-clean-vehicle-credits-copy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/02\/IRS-guidance-on-commercial-clean-vehicle-credits-copy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/02\/IRS-guidance-on-commercial-clean-vehicle-credits-copy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/02\/IRS-guidance-on-commercial-clean-vehicle-credits-copy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":26367,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/what-you-need-to-know-about-the-inflation-reduction-act-of-2022\/","url_meta":{"origin":55385,"position":2},"title":"What you need to know about the Inflation Reduction Act of 2022","author":"Lisa Greene-Lewis","date":"August 17, 2022","format":false,"excerpt":"Review timely updates on the new Inflation Reduction Act and pass this information along to your clients.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Inflation Reduction Act","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/08\/Inflation-Reduction-Act.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/08\/Inflation-Reduction-Act.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/08\/Inflation-Reduction-Act.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/08\/Inflation-Reduction-Act.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":9139,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/what-your-clients-need-to-know-about-green-tax-credits\/","url_meta":{"origin":55385,"position":3},"title":"What Your Clients Need to Know About Green Tax Credits","author":"Mike D'Avolio, CPA, JD","date":"July 13, 2017","format":false,"excerpt":"Turning off the lights when you leave a room and keeping a moderate finger on the thermostat can help save you money, as well as preserve the environment. Other \u201cgreen\u201d actions include recycling, carpooling and using rechargeable batteries. To add to your clients\u2019 out-of-pocket savings, the federal government provides some\u2026","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Green energy","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/green.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/green.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/green.jpeg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/green.jpeg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":18855,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/tax-credit-for-qualified-plug-in-electric-drive-motor-vehicles\/","url_meta":{"origin":55385,"position":4},"title":"Tax Credit for Qualified Plug-in Electric Drive Motor Vehicles","author":"Intuit Accountants Team","date":"March 4, 2020","format":false,"excerpt":"Get an update on the tax treatment of electric vehicles.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"travel related expenses","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/03\/car-e1508455075102.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/03\/car-e1508455075102.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/03\/car-e1508455075102.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/03\/car-e1508455075102.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":51159,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/register-with-irs-to-monetize-clean-energy-credits\/","url_meta":{"origin":55385,"position":5},"title":"Register with IRS to monetize clean energy credits","author":"Intuit Accountants Team","date":"February 20, 2024","format":false,"excerpt":"Through new\u00a0elective payment and transfer options, applicable businesses, tax-exempt organizations, or entities such as state, local and tribal governments can take advantage of certain tax credits\u2014even if they don't have taxable income.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Register with IRS to monetize clean energy credits","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/02\/Register-with-IRS-to-monetize-clean-energy-credits-copy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/02\/Register-with-IRS-to-monetize-clean-energy-credits-copy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/02\/Register-with-IRS-to-monetize-clean-energy-credits-copy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/02\/Register-with-IRS-to-monetize-clean-energy-credits-copy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/55385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/users\/144648954"}],"replies":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/comments?post=55385"}],"version-history":[{"count":11,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/55385\/revisions"}],"predecessor-version":[{"id":55405,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/55385\/revisions\/55405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media\/55388"}],"wp:attachment":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media?parent=55385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/categories?post=55385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/tags?post=55385"},{"taxonomy":"intuit_collection","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_collection?post=55385"},{"taxonomy":"intuit_series","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_series?post=55385"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/coauthors?post=55385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}