Learning Center

Video Tips: Using Clean Vehicle Credit as a Down Payment Beginning in 2024

The Inflation Reduction Act provides taxpayers with credits for qualified new and previously owned clean vehicles acquired and placed in service during the taxable year. Beginning with vehicle purchases as of Jan. 1, 2024, in certain situations, taxpayers will be able to transfer the new and previously owned clean vehicle credits to the dealer which can be used to reduce the purchase price or go towards the down payment.

Share this article...

Want tax & business tips and insights?

Sign up for our newsletter.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

Get In Touch With Brontide

At Brontide, we're committed to delivering timely and reliable solutions for your tax and assurance needs. Fill out the form below to reach out to us.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
I consent to receive SMS messages and agree with the

Social Media

Location

6701 Democracy Blvd, Suite 300
Bethesda, Maryland 20817

Maryland License Number: 41307