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mmcauliffe0752
January 30, 2023
Solved

Electric Vehicle Tax Credit On Lease

  • January 30, 2023
  • 1 reply
  • 0 views

I leased a 2022 Kia Sorrento Plug-In Hybrid in March, 2022. Does it qualify for the electric vehicle tax crdit?

    Best answer by KrisD15

    No, the vehicle must be purchased. 

    The dealer could apply for the credit. 

    1 reply

    KrisD15
    KrisD15Answer
    January 30, 2023

    No, the vehicle must be purchased. 

    The dealer could apply for the credit. 

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      mmcauliffe0752Author
      January 30, 2023

      Thank you.  I found the information on IRS website

       

      You are the owner of the vehicle. If the vehicle is leased, only the lessor and not the lessee, is entitled to the credit.

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