Credit for Previously-Owned Clean Vehicles

December 22, 2022

Developed by: Inflation Reduction Act

Federal Agency: Department of the Treasury

Consumer Tax Credit

Description: To provide a tax credit for purchasers of pre-owned clean vehicles

Recipients: 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.

Timing: Generally, vehicles placed in service in 2023-2032.


  • Base Credit Amount: The lesser of $4,000 or 30% of sale price
  • Bonus Credit Amount: None

More information: Request for Comments