2020 Chevrolet Bolt EV

Disclaimer:Dealer Selling Price: $19,991Adjusted price after clean vehicle credit: $15,991This vehicle's advertised price includes the IRS Clean Vehicle Credit. Please note that eligibility for the tax credit is self-determined by the customer, and not all customers may qualify.Important Information:Chevrolet of Everett is a certified IRS Dealer with extensive experience in processing over 100 IRS Credit deals. For questions regarding eligibility and details about the vehicle, please contact us. Our knowledgeable staff is here to assist you with your vehicle needs.IRS Information:Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) or fuel cell vehicle (FCV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000.If you do not transfer the credit, it is nonrefundable when you file your taxes, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.At the time of sale, a seller must provide information about your vehicle's qualifications. Sellers must also register online and report the same information to the IRS. If they don't, your vehicle won't be eligible for the credit.Purchases made before 2023 don't qualify.Who Qualifies:You may qualify for a credit for buying a previously owned, qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV), including cars and light trucks, under Internal Revenue Code Section 25E.To qualify, you must:Be an individual who bought the vehicle for use and not for resaleNot be the original ownerNot be claimed as a dependent on another person's tax returnNot have claimed another used clean vehicle credit in the 3 years before the purchase dateIn addition, your modified adjusted gross income (AGI) may not exceed:$150,000 for married filing jointly or a surviving spouse$112,500 for heads of households$75,000 for all other filersYou can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your income is below the threshold for 1 of the 2 years, you can claim the credit.For more information on how to qualify, see Publication 5866-A, Used Clean Vehicle Tax Credit Checklist PDF.