Yes. If you transfer the tax credit, you need to sign a document attesting that you expect that your income did not exceed the income limits either last year or this year. If your income exceeds the limits for both of those years, you will be required to repay the amount received for transferring the tax credit to the IRS in addition to your normal taxes.
By: Lindsey Perkins
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Published: 02.28.2024
Do I still need to meet the income limits if I transfer the tax credit to a dealer?
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