2023 Volkswagen ID.4

Sale Price Includes a $4,000 Instant Tax Credit.. Find Out How!2023 VW ID.4 S Sport Utility * 1 Owner * 12k Super Low Miles Full Factory Warranty * Numerous Options & Safety Features * High Quality Built * Low Maintenance Vehicle * Easy Instant Financing!The ProgramFederal Tax Credits for Pre-owned Plug-in Electric and Fuel Cell VehiclesFederal Tax Credit Up To $4,000!Pre-owned all-electric, plug-in hybrid, and fuel cell electric vehicles purchased on or after January 1, 2023, may be eligible for a federal income tax credit. The credit equals 30% percent of the sale price up to a maximum credit of $4,000.Requirements & Who QualifiesYou may qualify for a credit if you buy a previously owned, qualified plug-in electric vehicle (PEV)PEVs include plug-in hybrids and all-electric vehiclesor 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 resale?Not be the original owner?Not be able to be claimed as a dependent on another person's tax return?Not have claimed another used clean vehicle credit in the three 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 one of the two years, you can claim the credit. Your modified AGI is the amount from line 11 of your Form 1040 plus:?Any amount on line 45 or line 50 of Form 2555, Foreign Earned Income.?Any amount excluded from gross income because it was received from sources in Puerto Rico or American Samoa.Qualified Vehicles and SalesTo qualify, a vehicle must meet all of these requirements:?It must be made by a qualified manufacturer.?It must have a sale price of $25,000 or less.?