Watch Out For These Catches With The Point-Of-Sale EV Tax Credit In 2024 |
|
Max goes over the 2024 IRS guidance on transferring the EV tax credit to a dealer, in effect discounting the car. There's situations where you might be liable to recapture/paying the money back, so he walks you through how to avoid that and what we know and don't so far.
Bearded Tesla's Video: https://youtu.be/QqbjLD3fqLQ The Statement: https://home.treasury.gov/news/press-releases/jy1783 Public Comment On The Guidance: https://www.regulations.gov/document/IRS-2023-0048-0001 Form 8936: https://www.irs.gov/forms-pubs/about-form-8936 *************************************************************************** Send your questions! guide@outofspecstudios.com Find all of our Amazon must-haves here: https://www.amazon.com/shop/influencer-3317696d Please consider supporting our channel through Patreon: https://www.patreon.com/outofspec For more behind the scenes content: Twitter: @Out_of_Spec Max's Twitter: @MaxPatten *************************************************************************** If you liked this video, we recommend checking out some of our other channels! Out of Spec Reviews: https://www.youtube.com/@OutofSpecReviews/ Out Of Spec Motoring: https://www.youtube.com/@OutofSpecMotoring Out Of Spec Dave: https://www.youtube.com/@outofspecdave1554/ Out Of Spec Detailing: https://www.youtube.com/@OutofSpecDetailing #irs #taxcredit #electriccar 0:00 Intro 1:33 Background On Existing Tax Credit 3:01 The Transfer Mechanic 4:00 Recapture Risks 7:26 Required Form and Dealer Involvement 9:24 Public Comment Open 10:16 Foreign Entities Of Concern 11:16 State Rebates Exist 12:43 Wrap-Up |