You will qualify based on the Modified Adjusted Gross Income (MAGI) which is the lesser of the two years. For example: You are a single filer and had a MAGI of $145,000 in 2023 but expect to make $155,000 in 2024. The single-filer limit is $150,000. Your MAGI for 2023 is the lower of the two years, and that is what you will use to determine if your income qualifies. Since one of the years is below the $150,000 threshold, your income qualifies for the tax credit.
By: Lindsey Perkins
|
Published: 02.28.2024
What if you expect your income to be different this year than last year?
Get more EV info in your inbox
Sign up for Plug In America’s newsletter to stay up to date with what’s coming down the road.
Related Articles:
By: Plug In America
|
Published: 09.14.2026
Your state has a longstanding right to protect you from vehicle pollution and volatile gas prices. Congress is attacking this authority.
Under the Clean Air Act’s waiver system, the Environmental Protection Agency grants California the authority to set its own vehicle pollution standards to combat its unique air pollution problems. For over 50 years, these waivers permitted standards that have meaningfully improved air quality, saved drivers money on gas, and incentivized[…]
By: Jess Senger
|
Published: 09.11.2026
The batteries designed to make EV fires nearly impossible
What if we lived in a world where it was impossible for a vehicle to catch fire? Some EV batteries are designed to be completely non-flammable, making it nearly impossible for a fire to start in the battery. We are getting closer and closer to this world every day as[…]
