<ul><li>The IRS has announced a change that allows dealers to retroactively submit sales reports for qualifying clean vehicle purchases made in 2024.</li><li>The change addresses a major frustration for both buyers and sellers who missed out on the $7,500 federal tax credit for electric vehicles due to a bureaucratic hiccup.</li><li>The timing of this fix is particularly important as car prices are likely to climb due to the impending 25% tariffs on imported vehicles starting in April.</li><li>EV buyers who were denied the tax credit in 2024 should reach out to their dealers to ensure the sale is reported properly.</li></ul>

Missed Your EV Tax Credit? The IRS Just Gave You a Second Chance

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