This course provides an in-depth look at federal income tax credits for clean vehicles, as outlined in sections 25E and 30D of the Internal Revenue Code. Learn about credits for new and used electric and fuel cell vehicles, credit transfer processes, critical mineral and battery component requirements, foreign entity restrictions, and more. Equip yourself with knowledge essential for compliance and maximizing credit benefits.
In this course you will learn the following:
* Understand the requirements for claiming the section 25E credit for previously-owned clean vehicles.
* Understand the requirements for claiming the section 30D credit for new clean vehicles.
* Understand the process for transferring clean vehicle credits to dealers.
* Identify the critical minerals and battery components requirements for new clean vehicles.
* Recognize the restrictions related to foreign entities of concern.
* Understand the rules regarding recapture of credits.
* Identify the new definitions added to the list of mathematical or clerical errors.
