IR-2023-18, Feb. 3, 2023 WASHINGTON — The Internal Revenue Service today issued Notice 2023-16 PDF that modifies the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle credits. As a result of this notice, the IRS updated the related frequently-asked-questions (FAQs) for these credits. Today's guidance modifies Notice 2023-01 PDF by changing the vehicle classification standard by which vans, sport utility vehicles, pickup trucks and other vehicles are defined. Fact Sheet 2023-4 PDF updates FAQs related to new, previously owned and qualified commercial clean vehicles. The FAQs revisions are as follows: Topic A: Eligibility Rules for the New Clean Vehicle Credit: Questions 1 and 8 Topic B: Income and Price Limitations for the New Clean Vehicle Credit: Questions 2, 6, 8, 9 and added new Question 7 Topic C: When the New Requirements Apply to the New Clean Vehicle Credit: Question 7 Topic D: Eligibility Rules for the Previously Owned Clean Vehicle Credit: Question 4 Topic G: Qualified Commercial Clean Vehicles Credit: Question 6 These FAQs are being issued to provide general information to taxpayers, tax professionals and others interested in the issue as expeditiously as possible. More information about reliance is available. IRS-FAQ
