IR-2023-18: IRS issues guidance and updates frequently asked questions related to new, previously owned and qualified commercial clean vehicle credits

IRS Newswire February 3, 2023
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:    IR-2023-18 Inside This Issue IRS issues guidance and updates frequently asked questions related to new, previously owned and qualified commercial clean vehicle credits   WASHINGTON — The Internal Revenue Service today issued Notice 2023-16 that modifies the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle credits. As a result of this notice, the IRS updated the related frequently-asked-questions (FAQs) for these credits. Today's guidance modifies Notice 2023-01 by changing the vehicle classification standard by which vans, sport utility vehicles, pickup trucks and other vehicles are defined. Fact Sheet 2023-4 updates FAQs related to new, previously owned and qualified commercial clean vehicles. The FAQs revisions are as follows: Topic A: Eligibility Rules for the New Clean Vehicle Credit: Questions 1 and 8 Topic B: Income and Price Limitations for the New Clean Vehicle Credit: Questions 2, 6, 8, 9 and added new Question 7 Topic C: When the New Requirements Apply to the New Clean Vehicle Credit: Question 7 Topic D: Eligibility Rules for the Previously Owned Clean Vehicle Credit: Question 4 Topic G: Qualified Commercial Clean Vehicles Credit: Question 6 These FAQs are being issued to provide general information to taxpayers, tax professionals and others interested in the issue as expeditiously as possible. More information about reliance is available. IRS-FAQ Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

 

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