Buyers of electric vehicles who were unable to claim federal EV tax credits for 2024 now have a remedy, according to an alert from the National Automobile Dealers Association (NADA).
NADA, which “advocated aggressively” for an IRS fix, says the agency has reopened the IRS Energy Credits online portal for dealers to submit time-of-sale reports for EVs sold last year. Only a dealer can sign up for the system, which is available now.
For more information on why time of sale reporting has reopened and what this means for your business, read this helpful blog post from our friends at Councillor, Buchanan & Mitchell: IRS Reinstates Time of Sale Reporting for 2024 Clean Vehicle Credit Claims.
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