IRS Form 8936 Clean Vehicle Tax Credit with Credit Transfer Election скачать в хорошем качестве

IRS Form 8936 Clean Vehicle Tax Credit with Credit Transfer Election

Form 8936 is used to claim the Clean Vehicle Tax Credit for a qualified electric vehicle. Starting in 2024, buyers could transfer the credit amount to the dealership at the time of purchase. This resulted in the buyer being able to apply the credit directly to the purchase price of the vehicle rather than wait to tax time to file their Form 1040 and claim the clean vehicle credit. In this example, we have a taxpayer that transferred the tax credit to the dealership because she believed her income would fall below the relevant income threshold. After completing her tax return, however, she discovered her income is too high, and she must repay the tax credit to the IRS. 0:00 Background and Fact Pattern 5:34 Form 8936 with Schedule A 15:16 Fueleconomy Website 16:31 IRS FAQs on Clean Vehicle Credits IRS Resources: FAQ: https://www.irs.gov/newsroom/topic-h-... Clean Vehicle Credit: https://www.irs.gov/clean-vehicle-tax... Fueleconomy: https://www.fueleconomy.gov/feg/tax20... For more videos on energy tax credits:    • Energy Efficient Credits and Incentiv...   For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #IRS #TaxCredit #CleanVehicleCredit