Tax credit is not available for consumers who have adjusted gross incomes for the current or preceding year above $150,000 (couples), $112,500 (heads of household), $75,000 (singles). Individuals can claim only once per three years. Vehicles must be sold by a dealer; the sale price must be $25,000 or less; and it can only be claimed once per vehicle.
Yes, point of sale transfer to registered dealers (definition of “dealer” includes persons licensed by Indian Tribal governments to engage in the sale of vehicles)
U.S. Department of Treasury
To provide a tax credit for purchasers of pre-owned clean vehicles
Direct Pay Eligibility:
Yes. Starting in 2024, transferable only to the dealer at point of sale under section 25E(f) but not under section 6418.