IR-2024-111, April 16, 2024 WASHINGTON — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2024-14 PDF to provide guidance related to the New, Previously Owned and Qualified Commercial Clean Vehicle Credits. These FAQs supersede earlier FAQs that were posted in Fact Sheet 2023-29 PDF on Dec. 26, 2023. The FAQs revisions are as follows: Topic A: Eligibility Rules for the New Clean Vehicle Credit: Revised Question 10. Topic B: Income and Price Limitations for the New Clean Vehicle Credit: Revised Question 11. Topic H: Transfer of New Clean Vehicle Credit and Previously Owned Clean Vehicle Credit: Revised Questions 5 and 15. More information about reliance is available. IRS-FAQ
